Daily Asia Gaming eBrief: Crown has strategic advantage after regulatory successes
Asia Gaming Brief
Asia Gaming Brief is a news, events and networking company focused on Asia Pacific’s rapidly expanding gaming industry.
Good Morning.?All is sunny down under, well at least for a certain operator. Crown Resorts appears to have come out on top amongst the sharp crackdown on land-based casinos in the nation. Its success in its remediation efforts now place it at an advantage to the competition, who continue to struggle with authorities, notes an expert. Meanwhile, in Macau new efforts to improve visa access from mainland China can only be a boost to the industry, says Goldman Sachs, in particular for mass.
Due to the Labor Day holiday, Asia Gaming Brief will return to its normal publishing schedule on Thursday, May 2nd.
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AGB Intelligence
AUSTRALIA
Crown ahead of the game as competitors under scrutiny: Consultant
Crown Resorts has proven itself remarkably resilient in its remediation efforts after the threat of the cancellation of its Melbourne and Sydney casino licenses. According to expert David Green, the group’s efforts now place it in an advantageous position, as suitability enquiries continue into its rivals The Star and, less so, SkyCity. The Star in particular will have to address its “chaotic” handling of its casino license suitability inquiry, or potentially cede its license – most likely to its main rival.
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