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07/08/17
14:14
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Originally posted by AngryPrawn
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Don't be silly - they will simply go back to using fixers. The cost impact will be the fixer commissions. That was the whole point of the China operation - saving those commissions (which were about 15%).
These incentives were still being paid when fixers were engaged - so they're not material to measuring the business impact.
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Dead Wrong!
The China Whales and VIPs "ball game" has changed.
President Xi Jinping has seen to that.
Crown Directors and employees will never again be able to visit China to promote gambling or collect their massive debts.
If they do, then it's jail time and keys thrown away.
And this is just for starters of Xi Jinping's anti-gambling campaign.
If you want proof, just look at CWN's dismal financials...and now tumbling Share Price.