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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.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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