Blackjack and Card Counting Forums - BlackjackInfo.com

  #1  
Old October 26th, 2011, 08:54 PM
Koz1984 Koz1984 is offline
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Join Date: Jan 2010
Location: Melbourne
Posts: 240
Default Packer crying poor over proposed reforms

Story here...

http://www.news.com.au/national/one-...-1226178159011

It seems like his ridiculous carny games, and pokies, are not enough of an income generator.
  #2  
Old October 26th, 2011, 11:08 PM
AussiePlayer AussiePlayer is offline
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Quote:
Crown paid tax of $680 million in the 2010/11 financial year, double its net profit after tax of $340 million
This is the real reason Australian casinos offer such crap games!
  #3  
Old November 1st, 2011, 01:09 AM
StudiodeKadent StudiodeKadent is offline
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Posts: 333
Default

Quote:
Originally Posted by AussiePlayer View Post
This is the real reason Australian casinos offer such crap games!
Not necessarily. Macau casinos have a gambling tax of >50% but their blackjack games have lower house edges than in Vegas (0.10% at MGM and Wynn Macau).

You can't reduce economic efficiency to tax rates. There are many other factors involved. Tax rates are of course important, you just can't overestimate their importance.

If you want to improve Australian casinos, you need the following things;

1) Competition and lots of it
2) A more informed consumer base
3) Less regulations and taxes in general to lower operating costs.
 

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