Casino operator Lasseters trims losses
Published on Aug 28, 2014 10:01 PM
SINGAPORE - Casino operator Lasseters International Holdings narrowed its full near net loss to A$2.6 million (S$3 million) from A$11.4 million previously.
The reduction in net loss was due to deferred tax income arising from restructuring of intercompany loans.
Revenue for the year to June 30 fell by 5.4 per cent to A$50.4 million, mainly due to revenue loss from the disposal of a casino.
Lasseters completed the disposal of one of its wholly-owned subsidiary, Otago Casino to SkyCity Entertainment Group, following which a gain of A$1.9 million was recorded.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!