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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.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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