He/she is probably referring to the VIP revenue collapse. However, this is presumably being driven by Melco which they've now sold down mostly (and seem to be selling some/all the rest of hence the halt).
The point of the international demerger was mainly around Melco so now that they've sold it there's no need. Axing the Las Vegas development is going to be seen as a big positive by Aussie fund investors in Crown, as is the debt repayment and capital return initiatives.
I just hope it helps the CWNHB's recover, personally..
CWN Price at posting:
$11.37 Sentiment: Hold Disclosure: Held
