CWN 0.00% $13.09 crown resorts limited

All the discussion re will they get Sydney license or not is...

  1. 6,764 Posts.
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    All the discussion re will they get Sydney license or not is pretty moot IMO.
    Star have out manoeuvred them so they can't get pokies (basically ever), the international high (and low) markets have collapsed, no tourists.
    The business model was risky at the start as it relied on international whales but in the current environment?
    They will get a few bums on seats in the hotel but given the sunk costs, people hired, etc they will be losing money like crazy.
    This isn't going to end well unfortunately.
    Last edited by rivermore: 11/02/21
 
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