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Crown Melbourne Casino Closed for another Six Week as New COVID-19 Cases Rises

Crown Casino

Crown Casino

Crown Melbourne casino will shut their doors for six weeks after Victoria Daniel Andrews announces that Australian second-largest city will be re-entering the Stage 3 lockdown. Effective from 11:59 pm local time July 8, 5.2 million Victorians will be following an order to stay home.

However, there are a group of people who have been exempted from this new development. Services such as shops for food, essential goods, medicals, and care for the elderly in need will remain in operation.

With this new development, Crown Resorts property will remain closed until further notice. Nevertheless, Andrew highlight that health officials recommended the reimposition of lockdown after the state experienced a nerve-wracking 191 new COVID-19 positive cases in 24-hours. This is the Australian state’s highest one-day total during the coronavirus pandemic.

“We know we are on the cusp of something very, very bad,” Andrews affirmed. “It is simply impossible with case rates at this level to suppress and contain this virus without taking significant steps.”

Crown Resort Ruffle

The Crown Perth in Western Australia reopens its doors on June 27. Whilst other casinos such as Star Entertainment recommenced operation last week in Sydney, Brisbane and Gold Coast.

However, the Perth casino floor features approximately 350 table games and 2,000 slot machine gaming. At the same time, The Melbourne casino consists of 400 tables and 2,500 machines.

Above all, Crown Melbourne is the largest casino in Australia whilst Crown Resorts propels the bulk of its revenues.

In the company’s 2019 fiscal year, Crown Resorts mentioned gross gaming revenues of AUD3.139 billion ($USD2, 19 billion). Moreover, Crown Melbourne was also the one responsible for $1, 5 billion (68,5%).

In the month of June, Crown resort went on and secure close to $700 million in loans. “It means we can sustain ourselves for quite a while, irrespective of what goes on,” Crown Resort CEO Ken Barton said.

Final Thoughts

Even though gamblers in Melbourne are going through a difficult time due to the global coronavirus pandemic there is still something to smile about. This is because the $1, 5 billion construction on a casino resort in Sydney is still underway.

Therefore, even though we are in the middle of the global pandemic, the silver lining is still there, and very soon, gamblers will start enjoying real money betting at their favourite casinos.

FAQs

The casino opened on 8 May in 1997 after moving location on the north bank of Yarra.
Wynn proposed to buy the company for $10 billion, Wynn Resorts is actually worth close to $21,9 billion on Wall Street.
The Crown Casino net profit is believed to have dropped 70% to $558,9 million after the sale of Macau business in the previous financial year.
Melbourne is actually the jewel when it comes to offering casino services in Australia.



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