Gambling a sin for the Chinese? Have you ever been to an aussie casino? BTW I thought that officially the communist party in China doesn't recognise religion, so how can they say it is a sin?
Macau just overtook Vegas and now has the largest gambling turnover in the world! I think this in itself is quite a telling event that will mark the power shift to the new world superpower.
You would have to view buying LLA as similar to if you bought Allco or Centro after their troubles... risky but fun!
I'm not saying Packer is any good, but you would have to respect the logic, and besides he renounced Scientology so that has to be a start!!
PS. Betting Red or Black at any Casino would have given way better return than the $USD or US real estate over the last year!!
LLA Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Not Held