Crown Resorts expects net debt of AU$900m ($676m) for the full year ended 30 June 2021.
The companys EBITDA after closure costs is predicted to be between AU$90-100m. Crown also expects to record a statutory loss after tax for the full year.
Last years AU$450m project finance facility, meant to support the construction of Crown Sydney, reportedly has been repaid from settlements to date from Crown Sydney apartment sales. Full results for the financial year should be published on 30 August.
Crown stated that the declining figures were due to various closures, because of the ongoing pandemic, as well as Covid-19 related operating restrictions applying throughout the period; including capacity limits and physical distancing protocols.
The …
Read the full article at: https://www.gamblinginsider.com/news/12400/crown-resorts-expects-net-debt-of-676m-for-financial-year-2021