Crown Resorts’ financial results for the 12 months ended June 30, 2021, tell investors nothing about the performance of the business and everything about its position, which is ugly and likely to get worse.

While Crown is officially headless at present, with no permanent chief executive or chairman – the two men appointed to those respective roles, former Lendlease chief executive Steve McCann and respected business leader Ziggy Switkowski,  are yet to pass the standard probity processes – it was McCann who fronted Monday’s presentation, clearly with the aim of selling a bit of hope to investors.