ASX/MEDIA RELEASE FOR IMMEDIATE RELEASE 20 October 2016 CROWN'S INTERNATIONAL VIP PROGRAM PLAY BUSINESS PERTH: Following today's Annual General Meeting, in response to enquiries regarding its international VIP program play business, Crown Resorts Limited (ASX: CWN) ("Crown") provides the following information:

  • Around a third of Crown Group revenues are generated from overseas visitors.

  • However, only some of these overseas visitors participate in international VIP gaming programs.

  • In FY16, around a quarter of the Crown Group's revenues were generated from international VIP gaming programs.

  • Crown's international VIP gaming program visitors originate from a range of regions including South East Asia, North Asia (including mainland China), Europe and the Middle East.

  • Less than half of the revenue from Crown's international VIP gaming programs is currently generated by visitors from mainland China. Consequently, this segment of the business represents approximately 12% of the Crown Group revenues in FY16.

  • The margin associated with Crown's international VIP gaming program play business is substantially lower than the margin associated with other businesses in the Crown Group.

  • Accordingly, the contribution to Crown Group profits attributable to the international VIP gaming program play business from mainland China visitors is substantially less than 12%.

ENDS COPIES OF RELEASES

Copies of previous media and ASX announcements issued by Crown are available at Crown's website at www.crownresorts.com.au

Crown Resorts Limited published this content on 20 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 October 2016 05:28:07 UTC.

Original documenthttp://www.crownresorts.com.au/Investors-Media/ASX-Media-Releases/2016/20-10-2016-Crown-s-International-VIP-Program-Play

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