Report
EUR 184.78 For Business Accounts Only

Crown Resorts Limited: Weak 1H2020 results reflecting lower VIP program earnings, balanced by significant financial headroom, credit neutral

Crown's recent first half 2020 results highlight weak operating performance from a subdued operating environment, but significant financial headroom.
Underlying
Crown Resorts Limited

Crown Resorts is an entertainment and gaming group. Co. owns and operates two resorts, Crown Melbourne, which features the Crown Towers Melbourne hotel, Crown Metropol Melbourne hotel, and the Crown Promenade Melbourne hotel; and Crown Perth, which features the Crown Metropol Perth hotel and the Crown Promenade Perth hotel. In the U.K., Co. owns and operates Crown Aspinall in London, a casino in the West End entertainment district. Co. also holds equity interest in Melco Crown Entertainment, a developer, owner and operator of resorts in Macau and the Philippines. The resorts include: City of Dreams Macau, Macau Studio City, and City of Dreams Manila.

Provider
Moody's Investors Service
Moody's Investors Service

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