CWN 0.25% $12.09 crown resorts limited

Another article in The Age today reporting on the China arrests....

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    Another article in The Age today reporting on the China arrests.

    http://www.theage.com.au/business/w...ounds-have-been-reopened-20161123-gsvp61.html

    Last part of the article is probably that which should have been reported first given recent change in sentiment


    As it is, the clampdown on foreign casinos such as Crown Resorts recruiting Chinese nationals seems to have coincided with the start of a revival in the fortunes of the Macau casino businesses, of which Crown Melco is one.
    A note on Wednesday from Goldman Sachs noted Melco Crown reached a 12-month high this week as sentiment towards Macau continued to improve.  
    Goldman said "Macau gaming revenue, visitation and non-gaming spend are each beginning to trend upwards [quarter on quarter] and [year on year] as new properties open on Cotai and commence ramp up"
    Last edited by hotcoppa: 24/11/16
 
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