CWN 0.25% $12.09 crown resorts limited

Investors Overreacting, page-8

  1. 5,575 Posts.
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    It has nothing to do with the marketing employees, it's the fact the Chinese will avoid the crown like the plauge, you would have to be insane or stupid to go there now as a Chinese high roller.

    Look at macau revenue has dropped by 2/3 since the government threw a few people in jail for illegal activity.

    The Chinese love a gamble, but not at the expense of their freedom and their fortunes, one Chinese whale is worth who knows 100 or 1000 ordinary Australian gambler in revenue, these guys aren't betting $50 at the blackjack table they are betting atleast $50k a hand, the difference is astronomical.

    I think people are vastly under appreciating the significance of this, revenues and profit are going to get smashed.
    Last edited by thunder54: 18/10/16
 
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