Monday, Jan 26, 2015Monday, Jan 26, 2015

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.

If you are not a subscriber, you can get instant, unlimited access here