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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.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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