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Business Description: Crown Limited (CWN) is one of Australia’s largest entertainment groups. The group’s core businesses and investments are in the integrated resorts sector.
Strategy Analysis: CWN wholly owns and operates two of Australia's leading gaming and entertainment complexes. In addition, CWN has a portfolio of gaming investments that has been accumulated to complement existing core businesses in order to provide for future growth. The company's gaming interests are diversified beyond Australia into Macau and North America. Joint Venture Melco-Crown is targeting both the premium and mass Macau gaming market.
Crown reported NPAT up 14.9% to $335.86m for the year ended 30 June 2011. Revenues from ordinary activities were $2.41bn, up 2.9% from last year. Basic and Diluted EPS was 44.29 cents compared to 38.54 cents last year. Net operating cash flow was $450.97m compared to $467.46m last year. The final dividend declared was 19 cents, taking the full year dividend to 37 cents, in line with 37 cents last year.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...
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