Crown Resorts sees high-roller turnover dive in 'junket' fallout

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Crown Resorts has blamed a 34 per cent dive in high-roller turnover on weak market conditions and 'negative publicity' stemming from revelations the casino giant it went into business with 'junket' tour operators with links to organised crime

as part of its efforts to lure wealthy Chinese VIPs to its casinos.

Poker machine and main-floor gaming revenue was flat at $872 million, while non-gaming revenue, such as from hotel rooms and restaurants, was up 2 per cent to $408 million. Hong Kong casino group Melco Resorts agreed to buy a 20 per cent stake in Crown from James Packer in May and signalled its intention to increase its ownership further.with Melco saying it would increase its investment beyond the 10 per cent it had already paid Mr Packer and would not seek board seats.

 

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Maybe that’s how trumps casinos failed along with his skimming off the top!

When you lay with dogs...

Couldn't happen to a nicer bunch 😂😂😂

we dont need a washing machine casino for dirty money

Betting is in our blood and leeches like these suck it out while they pander to big bucks. Responsible gambling goes best with responsible and moderate venues.

Great outcome. Crown reaping what it sows

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