Value Investor: Crown's winning hand in Macau

The gaming and entertainment group's expansion plans indicate that capital expenditure will remain at elevated levels for an extended period.

Crown Resorts reported an impressive fiscal 2014 result, with profit after tax rising 43 per cent to $702 million. This was driven by its 33 per cent stake in Macau’s Melco Crown, which reported a 91 per cent rise in its earnings over the year.

With holdings in Melco Crown, Crown is leveraged to the emerging middle class in Asia, while its domestic market position remains very strong.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles