Report
EUR 182.40 For Business Accounts Only

Crown Resorts Limited: Crown: VIP Negatively Impacting 1HFY2017 Earnings; Low Leverage Supports Rating

CORPORATES ISSUER COMMENT 24 February 2017 Contacts Matthew Moore 612-9270-8108 VP-Sr Credit Officer [email protected] Shawn Xiong, CFA 612-9270-1421 Associate Analyst [email protected] Patrick Winsbury 612-9270-8183 Associate Managing Director [email protected] Crown Resorts Limited Crown: VIP Negatively Impacting 1HFY2017 Earnings; Low Leverage Supports Rating Crown Resorts
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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