Crown Resorts has plummeted to a $261.6 million statutory net loss after the COVID-19 pandemic forced the gaming giant to close its casinos and restrict operations in Melbourne and Perth over the past year.
Crown's revenue fell to 31.3 per cent at $1.53 billion.
Crown's interim chair Jane Halton said COVID-19 restrictions and "regulatory scrutiny" amid royal commissions into its casino licences had affected the business.
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"2021 has been a challenging year for Crown, with intense regulatory scrutiny and unprecedented impacts on business operations from the COVID-19 pandemic," Ms Halton said.
"Crown is supportive of the measures taken by State and Federal Governments in response to COVID-19, with our priority being the health and safety of our employees, customers and the community."
The statement said Crown will not pay a dividend.
Crown is awaiting the outcome of Victoria's royal commission into its Melbourne casino licence and another royal commission into its Perth casino licence is underway.
The gaming giant had planned to open a new Sydney casino in December last year, however, its licence was suspended after an inquiry ruled Crown was unfit to operate a casino.
Ms Halton said the COVID-19 pandemic continued to "create uncertainty" due to varying restrictions remaining a "feature of everyday life".
"Notwithstanding the current challenges facing the business, we remain optimistic and believe that Crown has a truly special portfolio of assets," Ms Halton said.
"We look forward to welcoming back soon our many thousands of guests and employees across all of our properties once we emerge from the current challenges of the pandemic."
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