CWN 0.25% $12.09 crown resorts limited

News: Australia holds emergency meeting with China after extradition treaty failure, page-2

  1. 4,056 Posts.
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    Is this the "beginning of the end" for CWN's gambling dreams?

    Answer: YES.

    At very least, CRN cannot expect release of its jailed Employees anytime in 2017.

    Add, 95% plus dry-up of Chinese Whales & VIP...and pretty much any other Chinese who valued their skin.

    So, where does that leave $6 Billion CAPEX planned for 2017 and beyond?

    Answer: In the proverbial!

    With $2 Billion Cash Outflow already committed so far, CWN could well end up a "The Casino With No Money...?"
 
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