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Friday, June 07, 2019 11:30:59 PM
Jooi, for you - Casino sector heading for shake-up with Packer's Crown Sydney
"Where should Chicago build its first casino?"
One industry in Australia has a peculiar advantage of being closer to China's burgeoning billionaire class.
By Nick Toscano
January 2, 2019 — 12.00am
Whether the opening of James Packer’s new casino in Sydney can tip the scales in the battle with rival The Star to
lure cashed-up Asian visitors is emerging as the next big question for the gaming industry in 2019, analysts say.
The Australian casino sector faced a turbulent 2018, with concerns about a pull-back in consumer spending, China’s softening economic
growth and the volatility of high-roller revenue contributing to steep share price plunges, shedding billions of dollars in value.
IMAGE
With a second casino in Sydney, Melbourne's Crown will become
less attractive for gamblers, say analysts. Credit:Erin Jonasson
[...to end...]
NSW Premier Gladys Berejiklian has ruled out any chance of allowing poker machines at Crown’s planned VIP casino at Sydney's Barangaroo.
But Mr Carducci said he believed that would not stop Crown from lobbying. Politically, he said, things “could change”.
https://www.smh.com.au/business/companies/casino-sector-heading-for-shake-up-with-packer-s-crown-sydney-20181221-p50nme.html
In that there looks a political nod to Sydney's hotel industry which had slipped my mind.
-
Update on Sydney's second major casino to be.
ConstructionTUD JournalistWed 13 Mar 19
Construction Update: Crown's $2.2bn Barangaroo Tower
ASX-listed Crown Resorts $2.2 billion development One Barangaroo is on course to meet its completion in the first half of 2021.
https://theurbandeveloper.com/articles/crowns-barangaroo-construction-on-track
To link others in - Jackpot! Gambling’s impact on the US economy
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149207640
"Where should Chicago build its first casino?"
One industry in Australia has a peculiar advantage of being closer to China's burgeoning billionaire class.
By Nick Toscano
January 2, 2019 — 12.00am
Whether the opening of James Packer’s new casino in Sydney can tip the scales in the battle with rival The Star to
lure cashed-up Asian visitors is emerging as the next big question for the gaming industry in 2019, analysts say.
The Australian casino sector faced a turbulent 2018, with concerns about a pull-back in consumer spending, China’s softening economic
growth and the volatility of high-roller revenue contributing to steep share price plunges, shedding billions of dollars in value.
IMAGE
With a second casino in Sydney, Melbourne's Crown will become
less attractive for gamblers, say analysts. Credit:Erin Jonasson
[...to end...]
NSW Premier Gladys Berejiklian has ruled out any chance of allowing poker machines at Crown’s planned VIP casino at Sydney's Barangaroo.
But Mr Carducci said he believed that would not stop Crown from lobbying. Politically, he said, things “could change”.
https://www.smh.com.au/business/companies/casino-sector-heading-for-shake-up-with-packer-s-crown-sydney-20181221-p50nme.html
In that there looks a political nod to Sydney's hotel industry which had slipped my mind.
-
Update on Sydney's second major casino to be.
ConstructionTUD JournalistWed 13 Mar 19
Construction Update: Crown's $2.2bn Barangaroo Tower
ASX-listed Crown Resorts $2.2 billion development One Barangaroo is on course to meet its completion in the first half of 2021.
https://theurbandeveloper.com/articles/crowns-barangaroo-construction-on-track
To link others in - Jackpot! Gambling’s impact on the US economy
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149207640
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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