www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Casinos chart plans to woo high rollers from China

(Agencies) Updated: 2014-08-20 08:33

Casinos chart plans to woo high rollers from China

Croupiers sit at a baccarat gaming table inside a casino during the opening day of Sheraton Macao Hotel at the Sands Cotai Central in Macau, Sept 10, 2012. [Photo/IC]

Australians once rioted against Chinese migrants attracted by a 19th century gold rush. Now, Sydney's sole casino depends on the city's Asian ties for high rollers who provide almost one-third of its revenue.

Echo Entertainment Group Ltd is considering buying a golf course for a resort south of Brisbane, Chief Executive Officer Matt Bekier said, in order to entice Chinese gamblers who have driven a fourfold jump in Macao's casino revenue over the past six years.

Australian billionaire James Packer's Crown Resorts Ltd has spent $100 million upgrading its fleet of private jets for the same reason.

"For people to fly to Sydney from Macao, they're flying over some pretty attractive casinos along the way, and they wouldn't make the trip if there wasn't something unique here," Bekier said last week after the company posted a 25 percent jump in annual profit. "At least a third to a half of them have connections here."

Australian companies are looking to tap rising Chinese consumer spending as Beijing winds down an investment boom that spurred a surge in commodity exports following the 2008 financial crisis. China's shift toward consumption offers new opportunities for Australia to benefit from its biggest trading partner, Trade Minister Andrew Robb said in March.

Revenue at Echo's international VIP rebate business, which lures overseas gamblers with the promise of free hotel rooms, food, drink and transportation, more than tripled in the four years through June to A $397 million ($370 million), the company said.

High-stakes bettors accounted for almost two-thirds of Macao's $45 billion casino revenue last year. Macao is the world's largest gambling hub and the only Chinese city where casinos are legal.

The A $389 million in VIP sales at Echo's Star casino on the shores of Sydney Harbor was 30 percent of the site's A $1.28 billion gross revenue, according to a company presentation.

Crown Resorts, Australia's largest casino company, rose the most in almost a year in Sydney trading on Aug 14 after the company posted a 53 percent jump in second-half VIP revenue.

"The challenge remains to get the players to Australia," Chief Executive Rowen Craigie said on an investor call.

Melbourne-based Crown spent $100 million last year buying three Bombardier jets to replace its fleet of Gulfstream private aircraft for ferrying Asian VIP customers, the company said. It is also building a new high roller casino on the shores of Sydney Harbor close to Echo's Star, due to open in 2019.

"They're overflying, effectively, Macao, Singapore; they're turning down Vegas to get to Australia," Craigie said. "The first challenge is: How do you get them to fly to the most distant market where they're all playing the same game, which is high-stakes baccarat?"

Echo's VIP gamblers, who wagered an estimated A $29.1 billion this year as of June, frequently have family or business links that make Australia an attractive destination, Bekier said. The company's VIP revenue represents only the proportion of bets won by the house, which was 1.45 percent last year.

"If I look at the customers who come to Sydney, they very often have other reasons for visiting the city," he said.

People claiming Chinese ancestry made up 4.3 percent of the population in Australia's 2011 census, more than double the proportion with Indian or Greek roots.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产a一级 | 免费观看欧美精品成人毛片能看的 | 欧美成人综合在线观看视频 | 女人张开腿给男人桶爽免费 | 亚洲人成a在线网站 | 亚洲bt欧美bt国产bt | 亚欧在线视频 | 色悠久| 国产精品专区第二 | 国产精品成人观看视频免费 | 男女性关系视频免费观看软件 | 亚洲理论视频 | 动漫一级毛片 | 天天都色 | 久久熟 | 成人怡红院视频在线观看 | 色久激情| 欧美视频二区 | 亚洲另类激情综合偷自拍图 | 久草在在线 | 日韩一级在线视频 | 中国美女一级片 | 男人操美女网站 | 97视频免费播放观看在线视频 | 久久精品中文字幕有码日本 | 国产成人在线小视频 | 鲁丝一区二区三区不属 | 日日摸人人拍人人澡 | 99久久精品全部 | 18性欧美69 | 亚洲第一成人在线 | 19+韩国主播青草vip视频 | 男人天堂欧美 | 欧美一级免费观看 | 久久黄色网址 | 欧美真人毛片动作视频 | 国产人人插 | 精品一区二区三区在线播放 | 欧美一级毛片免费看高清 | 国产综合久久一区二区三区 | 亚洲成年 |