Crown Resorts back to profit for the first time since COVID
Results demonstrate Crown is ‘heading in the right direction’
Australian operator Crown Resorts has said it is ‘entering a new era’ after posting a profit for the first time in five years. The bounce back saw a profit of AU$142m with EBITDA surpassing AU$450m for the year ended 30 June 2025.
CEO David Tsai said: “Crown Resorts is entering a new chapter – marked by improved financial performance, operational stability and a renewed focus on growth. While the company continues to navigate a complex regulatory landscape and economic headwinds, these results demonstrate we’re heading in the right direction.”
Crown highlighted a disciplined cost exercise and improved revenue at its Sydney and Perth casinos.
“The ongoing cost-of-living crisis and slower-than-expected return of international tourism continue to impact discretionary spending and visitation, while rising operational costs and complex regulatory environments in Victoria, New South Wales and Western Australia pressure profitability,” it stated.
Having been found to be a suitable operator by the Victorian and NSW regulators last year, the company said it could now ‘move forward with greater financial stability and confidence’ and return to investing in its three properties.
