Crown Resorts: Interim result 2016

Crown Sydney has been further delayed and the ATO is seeking a potential windfall.

Similar to its 2015 result, there was a mixture of good, bad and ugly in Crown's 2016 interim result. Unsurprisingly weak earnings from Crown's 34% investment in Melco Crown Entertainment constituted the ugly part whereas the bad news was led by further delays in Crown Sydney, which is now due for completion in 2021.


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