Non-VIP gross revenues up 4.1 percent
The arrests of 18 Crown Resorts employees in Mainland China last October continues to have a dampening effect on VIP business in Australia, according to Crown rival Star Entertainment Group.
In a presentation to the Macquarie Securities Australia Conference on April 26, the operator said its international VIP business plummeted 27 percent in November and December on a year-on-year basis. By contrast, gross revenue excluding international VIP was up 4.1 percent from January 1 to April 30, according to the Australian.
Of 18 Crown employees originally detained by Chinese law enforcement last October, 15 remain in custody in a Shanghai detention center charged with “gambling-related crimes.” In most cases it is illegal to market to high rollers on the mainland.
