SGR the star entertainment group limited

Place my bets, Star Entertainment Group Ltd - ASX: SGR, page-1595

  1. 1,317 Posts.
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    This might be the end of the 'big casino resort' model in Australia.

    The whale or high roller 'fly-in' model these casinos relied on has effectively been ended in Australia. There's that but also now other countres in Asia are opening up their own bigger/glitzier versions a lot closer to where the whales are.

    Crown casino in Sydney had to close a floor. Even with its neighbour Star not open for gambling Crown still couldn't attract enough througput.

    We might be watching the change of the Australian casino model from the overblown money pit style that requires the turning of a blind eye to aspects of its business for it to remain viable to a much smaller, more efficient casino model such as is run in the UK.

    Last edited by subumbra: 17/01/25
 
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