Daily news

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    Crown Resorts registered a 23% fall in full-year net profits as its small gains in Australia were overshadowed by substantial losses in Macau.

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    James Packer has opted to step down as chairman of Crown Resorts after the Australian entertainment group posted a year-on-year drop in both normalised and actual net profit after tax during the 12 months through to June 30.

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    Australian entertainment group Crown Resorts has cited the success of its operations in the Chinese gambling resort of Macau as one of the main reasons behind a significant growth in net profit during the 12 months through to June 30, 2014.