CWN 0.00% $13.09 crown resorts limited

cwn's share price is link to China's crackdown on...

  1. 632 Posts.
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    cwn's share price is link to China's crackdown on official/people using corruption money to gamble in Macau

    in the last few months total gambling turnover slowed and fallen. Cwn's share price may return to $8 or lower as there will be less chinese gambling in Oz casinos as well not just macau. CWN's share price surge is because of cwn's casinos in Macau, not the ones in Oz.

    https://au.finance.yahoo.com/echarts?s=1928.HK#symbol=1928.HK;range=my
    Sands Casino in Macau listed in HK shows a similar price performance.

    Jan 2013  = $22
    peak Jan 2014 = $65 (+ 295%)
    now = $37 (from peak - 43%)

    CWN
    Jan 2013 = $8
    peak Jan 2014 $18 ( + 225%)
    now = $12 (from peak - 33%)
 
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Currently unlisted public company.

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