Casinos chart plans to woo high rollers from China
By Bloomberg | China Daily | Updated: 2014-08-20 07:18
Australians once rioted against Chinese migrants attracted by a 19th century gold rush. Now, Sydney's sole casino depends on the city's Asian ties for high rollers who provide almost one-third of its revenue.
Echo Entertainment Group Ltd is considering buying a golf course for a resort south of Brisbane, Chief Executive Officer Matt Bekier said, in order to entice Chinese gamblers who have driven a fourfold jump in Macao's casino revenue over the past six years.
Australian billionaire James Packer's Crown Resorts Ltd has spent $100 million upgrading its fleet of private jets for the same reason.
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