SGR 0.00% 45.0¢ the star entertainment group limited

Crown Sydney was only ever built to serve VIP junkets. Which...

  1. 928 Posts.
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    Crown Sydney was only ever built to serve VIP junkets. Which that market is all but gone.

    Crown will never be competitive as a local gambling option in Sydney. 1) it was never designed to be, 2) its licence doesn't allow it to be.

    Its hotel is the breadwinner along with its F&B. It is a perfect spot for both.

    Their licence would need to be amended to allow it to be competitive, and i highly doubt that will happen anytime soon.
 
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