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High rolling Chinese gamblers are increasingly viewing Australia as an option
Thursday February 19,2015 : AUSSIE CASINOS DOING WELL OUT OF MACAU WOES
High rolling Chinese gamblers are increasingly viewing Australia as an option.
China's anti-corruption clampdown and its negative impact on Macau gambling numbers has produced an unexpected windfall for Australian land casinos as a growing number of Chinese high rollers seek their thrills further from home.
According to a Reuters report this week at least two of the top Aussie land operators report increased business.
Crown Resorts reported that revenue from VIPs gambling at its Melbourne casino almost doubled in the six months ended December 2014, whilst Echo Entertainment Group said VIP gambling in its Australian casinos hit a record in the second half of 2014.
Echo revealed that turnover from VIP gamblers at its Australian casinos nearly doubled to an all-time high of A$23 billion as net profit for the period surged 78 percent to A$112.6 million, whilst Crown reported revenue from VIP gambling at its Melbourne casino soared 86 percent.
Shares prices in the two groups have jumped by up to 10 percent as a consequence.
Asia Pacific gamblers are well served by luxurious casino properties Downunder, and there are plans to augment these offerings in the future.
Crown is building a A$2 billion casino near Echo's newly refurbished Sydney waterfront complex, and the two companies are also seeking approval to build a new casino in Brisbane, Reuters reports.
Aussie casino operators are now looking to enhance their junket operator partnerships to maintain the momentum.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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