Does anyone think that Crown casino is unfit to hold a licence and should it be revoked?
I'm surprised that the anti-gambling lobby group, haven't been lobbing politician to revoke their licence due their behaviour in China.
According to newspapers, Crown and Packer were constantly warned not to break China's Laws...yet they knowingly did so!
They took a gamble on greed, and this approach failed, getting them into this situation.
Not only did Crown's revenue drop from VIP clients, but their greed impacted the revenue of other casino operators and their share prices.
These other operators should put pressure on the licensing board to revoke their licence even if they are not convicted in China due to "unbecoming behaviour as a casino operator".
I believe It's not in the interest of the Chinese govt. to convict Crown, because Chinese govt companies (ASF) and Crown Consortium are bidding for a Gold Coast casino.
Radicool Views
CWN Price at posting:
$11.50 Sentiment: None Disclosure: Not Held