Crown Resorts Reports First-Half Net Loss Amid Crisis

Feb.17 — Crown Resorts Ltd. posts a net loss for the first half of A$120.9 million compared to a profit of A$218.2 million a year ago. The report comes a day after a state regulator recommended an inquiry into the company’s fitness to run its Perth casino. On Tuesday Crown was formally judged unfit to operate a Sydney casino by the regulator, after a public inquiry last week found the company allowed money laundering to take place at its other properties for at least five years. Paul Allen reports on “Bloomberg Daybreak: Australia.”

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