Crown Resorts {CWN.ASX} reported 1H19 earnings and the result was negatively impacted by increased expense ratio and lower revenue from VIP turnover.
The A$400m buyback announced as at the FY18 result, has a further $270m to go.
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CWN remains under Algo buy conditions and with the stock trading on a 5% forward yield and low single digit EPS growth, we continue to see value.
