Last A$12.58 AUD
Change Today +0.05 / 0.40%
Volume 597.9K
CWN On Other Exchanges
Symbol
Exchange
Berlin
OTC US
OTC US
As of 10:10 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

crown resorts ltd (CWN) Snapshot

Open
A$12.63
Previous Close
A$12.53
Day High
A$12.69
Day Low
A$12.52
52 Week High
01/16/14 - A$18.22
52 Week Low
12/17/14 - A$12.07
Market Cap
9.2B
Average Volume 10 Days
2.6M
EPS TTM
A$0.90
Shares Outstanding
728.4M
EX-Date
09/24/14
P/E TM
14.0x
Dividend
A$0.45
Dividend Yield
3.57%
Current Stock Chart for CROWN RESORTS LTD (CWN)

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crown resorts ltd (CWN) Details

Crown Resorts Limited operates in the gaming and entertainment industry primarily in Australia. It operates in three segments: Crown Melbourne, Crown Perth, and Crown Aspinall’s. The company owns and operates two integrated resorts, including Crown Melbourne in Melbourne and Crown Perth in Perth. Its Crown Melbourne comprises 2,500 electronic gaming machines; the Crown Towers Melbourne hotel with 481 guest rooms, Crown Metropol Melbourne hotel with 658 guest rooms, and Crown Promenade Melbourne hotel with 465 guest rooms; a conference center; banqueting facilities; restaurants and bars; designer boutiques and retail outlets; entertainment facilities, such as a multi-screen cinema complex, a bowling alley, and an interactive entertainment auditorium; and 2 day spas. The company’s Crown Perth includes Crown Metropol Perth hotel with 395 guest rooms; Crown Promenade Perth hotel comprising 291 guest rooms; a 2,300-seat Crown Theatre Perth; convention and event facilities; restaurants and bars; and a day spa. It also owns and operates the Crown Aspinall’s, a high end casino in London. The company was formerly known as Crown Limited and changed its name to Crown Resorts Limited in October 2013. Crown Resorts Limited is based in Southbank, Australia.

11,772 Employees
Last Reported Date: 09/11/14

crown resorts ltd (CWN) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: A$3.8M
Chief Financial Officer
Total Annual Compensation: A$1.8M
Chief Executive Officer of Australian Resorts
Total Annual Compensation: A$2.6M
Executive Vice President of Strategy & Design
Total Annual Compensation: A$3.1M
Executive Deputy Chairman and Member of Inves...
Total Annual Compensation: A$1.5M
Compensation as of Fiscal Year 2014.

crown resorts ltd (CWN) Key Developments

Crown Resorts Limited Announces Final Dividend Payable on 10 October 2014

Crown Resorts Limited announced the final dividend of $0.19 per security with an ex-distribution/entitlement date is on 24 September 2014, record date is on 26 September 2014 and the payment date is on 10 October 2014.

Crown Resorts Limited Announces Audited Parent Earnings Results for the Year Ended June 30, 2014

Crown Resorts Limited announced audited parent earnings results for the year ended June 30, 2014. For the year, the company reported profit after tax of AUD 2,907,086,000 against AUD 276,360,000 a year ago.

Crown Resorts Limited Reaches Agreement with Victorian Government

Crown Resorts Limited announced that it has reached agreement with the Victorian Government on a number of reforms to the Melbourne Casino Licence which will improve the competitiveness of the Crown Melbourne integrated resort as a tourism destination compared to other integrated resorts in Australia and Asia. The reforms will help boost Victorian tourism and create new jobs as they will allow Crown Melbourne to compete more effectively in interstate and international markets. Victorian taxpayers will also benefit from a substantial upfront licence payment to be made by Crown. The agreement includes the following arrangements: 'Super tax' on international and interstate VIP program play will be removed from fiscal year 2015. Crown will be entitled to install additional gaming product as follows: Increase by 40 the maximum number of table games permitted to operate (from 400 to 440 (plus 100 poker tables)); Increase by 50 the maximum number of fully automated table game terminals permitted to operate (from 200 to 250); Within the state-wide limit of 30,000 gaming machines, increase by 128 the maximum number of gaming machines permitted to operate (from 2,500 to 2,628); The Melbourne Casino Licence will be extended from 2033 to 2050; Crown will make a series of payments to the State: A payment of $250 million once the amendments to the relevant legislation, casino management agreement and casino licence become effective; A payment of $100 million in fiscal year 2023 if the normalized gaming revenue at Crown Melbourne grows by more than 4.0% per annum (compound) over the period from fiscal year 2014 to fiscal year 2022; An additional payment of $100 million in fiscal year 2023 if the normalized gaming revenue at Crown Melbourne grows by more than 4.7% per annum (compound) over the period from fiscal year 2014 to fiscal year 2022; A payment of $250 million in 2033; Crown has guaranteed to pay the State a minimum of $35 million per annum in gaming taxes in relation to the new gaming product over the six-year period commencing from fiscal year 2016; Crown and the Victorian Government have agreed that the previously proposed gaming machine levy will not apply to Crown Melbourne. Crown and the Victorian Government have confirmed that, unless Crown consents, casino taxes will not be increased and the Melbourne Casino Licence will not be amended. They have also agreed that certain other regulatory actions adverse to Crown can trigger compensation. This greater regulatory certainty will allow Crown to continue to invest in and increase employment at Crown Melbourne. Implementation of the agreement is subject to: amending legislation being introduced into the Victorian Parliament in the Spring session; and amendments to the Melbourne Casino Licence being approved by the Victorian Commission for Gambling and Liquor Regulation.

 

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CWN

Industry Average

Valuation CWN Industry Range
Price/Earnings 12.0x
Price/Sales 2.5x
Price/Book 2.0x
Price/Cash Flow 12.0x
TEV/Sales 1.9x
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