Crown Resorts: Result 2015

Crown’s investment in Macau continues to perform poorly but its Australian casinos have picked up some of the slack.

It was a case of the good, the OK and the ugly with Crown Resorts’ (CWN) 2015 result. Investors initially appeared to concentrate on the latter, with Crown shares declining more than 6% in early trading before recovering to finish the day down 3%.

Yet despite the share price volatility, there weren’t any real surprises in the result. Before we look at it in detail, however, a word on gambling company jargon is necessary.

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