|Bid||9.63 x 88100|
|Ask||9.64 x 182600|
|Day's range||9.48 - 9.67|
|52-week range||8.22 - 13.32|
|Beta (5Y monthly)||1.09|
|PE ratio (TTM)||N/A|
|Earnings date||29 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||19 Mar 2020|
|1y target est||9.99|
Shareholders of Australia's Crown Resorts Ltd voted against the casino company's executive pay plans for a second straight year at its annual meeting on Thursday, but turned down a follow-up option to oust its entire board. The voting outcome reflects the precarious situation of the company https://www.reuters.com/business/australias-crown-resorts-warns-may-not-continue-going-concern-2021-09-09, 37% owned by billionaire James Packer, which has been embroiled in two years of scandal and humbling public inquiries. "The Crown board accepts the organisation will continue to face near-term uncertainty," said acting Chair Jane Halton in a prepared speech at the meeting.
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.