Business
Why the Crown (ASX:CWN) share price could be hit harder than others today
ASX stocks are already facing a tough start this morning but the Crown Resorts Ltd (ASX: CWN) share price could be hit harder than most.
The futures market is pricing in a 0.5% drop in the S&P/ASX 200 Index (Index:^AXJO) when trade kicks off on the first day of the new month.
But the flash COVID-19 lockdown in Perth is claiming an early victim with Crown reporting that its Perth Casino will have to cease most operations.
CWN share price catching new WA COVID lockdown bug
Management said that from 31 January till 5 February, it will close all gaming activities as well as food outlets. This means banqueting and conference facilities will also be shuttered and Crown’s food venues will only serve takeaway.
Its hotel accommodation…
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