Detention of Crown Employees in China Elevates Risks for All Australian and New Zealand Casinos
Chinese authorities' detention of executive vice president VIP International Jason O'Connor and 17 other Crown Resorts employees has clear negative implications for the company, as well as for Star Entertainment and SkyCity Entertainment. Unfortunately, estimating the extent of the impact is almost impossible at this stage, particularly as the reasons for the detention remain unclear.What is clear is the elevated risk profile for all these operators' exposure to the Chinese high roller market. ...
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