Wave of Negative Publicity on Crown's China Fiasco...
ABC 4 Corners on Monday 6th March is just for starters!
Today, Feature Article in Daily Telegraph...
IMO, expect more.
According to these reports, 15 Crown Employees still remain in Chinese Prison, with no relief in sight!
The major damage to Crown's 1HFY16-17 financials has been reported.
But will this rout of Whales/VIP China customers continue for 2HFY16-17? And into 2017-18?
Highly likely...
Meantime, Crown has gone a property expansion "binge" based, IMO, on a highly risky business model.
Hold tight. A very rough ride ahead for shareholders and many others...
DYOR
Take On China Inc. At Your Peril, page-229
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