With 18 Crown Employees still languishing in Chinese Prison, is the market (i.e. Investors) entitled to be regularly kept up-to-date with China's machinations?
One argument is NO! Why? Because in doing so it "may" upset China. And Australia doesn't want that according to Crown and Aussie Politicians.
Another argument is why not, especially with Crown's obligations in complying with "keeping the market fully informed"? And this is the key. Investors have a right to know; Crown has obligations to inform.
This brings us to last Saturday's Newspaper Articles on Crown Casino. Especially The Weekend Australian. Buried was the following:
"Meanwhile, the impact of China’s arrests on Crown’s VIP revenues were starkly highlighted last week when the group revealed Australian high-roller program turnover plunged about 45 per cent and gambling revenues at its local casinos had fallen by 12 per cent so far this current financial year."
Obviously, China's public crackdown on Crown Casino's gambling operations and subsequent arrests is having a serious investor impact here in OZ.
So, IMO, it stands to reason that the market should-despite what the Pollies might prefer-be kept up-to-date with the 18 Crown Employees languishing in Chinese Prison through the 2016 Aussie Christmas festivities...and beyond...!
Or should it?
CWN Price at posting:
$11.13 Sentiment: None Disclosure: Not Held
