Crown Gains After Casino Operator Turns to Profit
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Crown Ltd., Australia’s biggest casino owner, rose the most in a month in Sydney trading after it turned to a second-half profit because of the absence of writedowns that caused a loss a year earlier.
Crown rose 3 percent to A$8.49 at the 4:10 p.m. market close, the biggest gain since July 20. The stock earlier rose as much as 4.4 percent.