|Bid||9.73 x 0|
|Ask||8.98 x 0|
|Day's Range||9.26 - 9.45|
|52 Week Range||8.06 - 13.32|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 18, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 19, 2020|
|1y Target Est||N/A|
Crown Resorts' auditor on Thursday warned that numerous money-laundering probes into the Australian casino operator and the impact of the COVID-19 pandemic cast "material" uncertainty over the company's ability to continue as a going concern. Crown has been embroiled in legal battles and scandal since allegations of money laundering at its Melbourne casino emerged in 2019. In June, financial crime regulator extended a probe into its flagship casino in Melbourne, to also include its operations in Perth.
The loss, which Crown had already flagged, and the failure of the Oaktree deal show the extent to which its future is being shaped by regulatory scrutiny as it struggles to rebuild its image amid multiple Royal Commission enquiries. While Crown already lost the licence for its Sydney casino after an inquiry in February found it allowed money laundering on its premises for years, its properties in Perth and Melbourne are also under a regulatory cloud, compounding challenges for the company already hit by the coronavirus.
Australian casino operator Crown Resorts reported an annual loss on Monday and said it was no longer in discussions with Oaktree Capital over the private equity firm's proposal to buy out founder James Packer's $2.3 billion stake. The loss, which Crown had already flagged, and the failure of the Oaktree deal show the extent to which its future is being shaped by regulatory scrutiny as it struggles to rebuild its image amid multiple Royal Commission enquiries.