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25/10/19
06:04
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Chinese Whales-High Rollers Desert Crown Casino...
CWN Chair John Alexander, Director Helen Coonan-at 2019 AGM
2018-19 Financial Results are in.
"Chinese High-Roller Business Slumps 46%..."
https://www.copyright link/companies/games-and-wagering/crown-s-high-roller-business-slumps-46pc-20191024-p533qs
Will Chinese Whales/VIPs/High -Rollers Deliver deliver shareholders turnaround results in 2020??
IMO, NO.
Key lies in China's President-For-Life, Xi Jinping, Anti-Gambling, Anti-Casino, Anti-Money Laundering, Anti-FX Breaches etc etc.
And, Anti-OZ!
And, Xi-Thoughts???
Outcome? CWN Shareholders should plan for slump in SP, decline in dividends...plus lots of Regulatory troubles...
