James Packer wants more Asian losers

Katweezel

Katweezel

Well-Known Member
James Packer wants better odds to help deliver tourist dollars Damon Kitney From: The Australian March 19, 2011 Source: The Australian

"JAMES Packer has a clear message for the federal and state governments and the Australian tourism industry: "It is time for the rubber to hit the road."
Facing a new competitive challenge for the Asian tourist dollar from Singapore, which now boasts two of the most valuable and profitable casino resorts in the world, Packer says the time for talk is over.

"One of the problems for state and federal governments of both political persuasions in Australia is that no one sets any key performance indicators for tourism," he tells The Weekend Australian.

"That lets people muddle about on things with good intentions without ever actually making the rubber hit the road. Whereas in Singapore, it is all about the rubber hitting the road.

"They are a country that used to get the same number of tourists as Australia, around 5 million. They are now at 11 million tourists. We are at 5 million. And they have stated publicly that they have an aim and ambition that they will receive 17 million tourists in 2015."

Singapore has just enjoyed 13 consecutive months of record visitor arrivals, achieving its highest visitor arrivals for a single month in December with 1.1 million visitors, 16 per cent up on a year ago.

The prime reason is last year's opening of the $4.4 billion Resorts World Sentosa casino and the $5.94bn Marina Bay Sands, the second most expensive casino in the world. Or as Packer calls them, "integrated resorts".

Both are estimated to have contributed 1.7 per cent of Singapore's nominal gross domestic product last year when GDP rose a stunning 14.7 per cent.

Packer has more reasons than most to be concerned about the rise of Singapore."
read more... http://www.theaustralian.com.au/news/nation/packer-wants-better-odds-to-help-deliver-tourist-dollars/story-e6frg6nf-1226024317956
 

Attachments

K

Koz1984

Well-Known Member
I sincerely HOPE Crown re-evaluates its decision to go H17. If they want the patrons, offer better games! However, as indicated by the article, the main concern is high roller clientèle, so I suspect the 8 deck, H17, 6:5BJ, D9-11 only games ($5-$15 limits) will remain for the suckers. In saying that, where do the high rollers play? Mahogany room, which is still S17. However, the Monte Carlo and Maple rooms, with $30-$100 minimums, deserve the same treatment for that money.
 
S

StudiodeKadent

Well-Known Member
Koz1984 said:
I sincerely HOPE Crown re-evaluates its decision to go H17. If they want the patrons, offer better games! However, as indicated by the article, the main concern is high roller clientèle, so I suspect the 8 deck, H17, 6:5BJ, D9-11 only games ($5-$15 limits) will remain for the suckers. In saying that, where do the high rollers play? Mahogany room, which is still S17. However, the Monte Carlo and Maple rooms, with $30-$100 minimums, deserve the same treatment for that money.
Click to expand...
Crown won't.

The State Government actually increased the tax rate on gambling winnings after Crown went H17, so you won't see them go down to S17 unless the State Government cuts the gambling tax.

Second, Asian gamblers usually play baccarat. Blackjack appeals to smart-playing gweilos, who aren't nearly as easy to squeeze money from.

The only solution is 1) educate the customers on how to get a good Blackjack game, and 2) get competition.

But 2) probably won't happen since if you dare suggest competition might do for gambling what it does for more or less every other market, you're accused of wanting to pour the kiddie's cereal money into the pokies.
 
You must log in or register to reply here.
Top