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BRIEF-Crown Resorts Says 1 July-20 Oct VIP Program Play Turnover At Australian Resorts Down 46%

Published 24/10/2019, 12:45 pm
© Reuters.  BRIEF-Crown Resorts Says 1 July-20 Oct VIP Program Play Turnover At Australian Resorts Down 46%
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Oct 24 (Reuters) - Crown Resorts Ltd CWN.AX :

* ACROSS AUSTRALIAN RESORTS, 1 JULY TO 20 OCT, REVENUE FROM MAIN FLOOR GAMING (EX. VIP PROGRAM PLAY REVENUE ) UP 2% ON PCP

* OVER JULY TO OCT 20, MELBOURNE'S MAIN FLOOR GAMING REVENUE WAS UP ON THE PREVIOUS PERIOD WHILE NON-GAMING REVENUE WAS DOWN

* BETWEEN 1 JULY TO 20 OCTOBER 2019, VIP PROGRAM PLAY TURNOVER AT AUSTRALIAN RESORTS DECREASED BY 46%

* FOCUSSED ON THE DELIVERY OF CROWN SYDNEY ON TIME AND ON BUDGET

* CROWN SYDNEY PROJECT COST REMAINS UNCHANGED, WITH GROSS PROJECT COST EXPECTED TO BE ABOUT $2.2 BILLION

* RECENTLY SETTLED SIGHT LINES MATTER WITH INFRASTRUCTURE NEW SOUTH WALES; TERMS OF THE SETTLEMENT REMAIN CONFIDENTIAL

* CONTINUES TO PROGRESS THE IMPLEMENTATION OF THE 20 RECOMMENDATIONS FROM THE LAST FIVE YEARLY REVIEW BY THE VCGLR

* REMAINS ON TRACK TO RESPOND TO ALL THE RECOMMENDATIONS WITHIN THE TIMEFRAMES AGREED WITH VCGLR

* GEOFF DIXON WILL RETIRE AS A DIRECTOR OF CROWN

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