Without even rolling a dice Australia’s richest man and gambling “whale”, Mr Kerry Packer, continues to clean up at Melbourne’s Crown casino.
When Mr Packer unveiled Publishing and Broadcasting Ltd’s full-year results on Wednesday, it wasn’t his media empire that shone – Crown casino Pengeluaran HK cstole the limelight.
Crown, the mini-city that towers above the Yarra River, enjoyed a $22.5 million windfall from the international high-roller business, with a win percentage of 1.39 per cent compared with the theoretical rate of 1.28 per cent.
All of Australia’s casinos do their best to attract big gamblers, but Crown makes special efforts to attract them. It has an array of agents whose sole job is to bring in droves of gamblers and they arrive by the Lear-jet load from Indonesia, China, Hong Kong, Singapore and other parts of the globe.
Crown lays on free first-class air travel, free accommodation and gourmet dining, sporting events, its own prized golf course and other ticketing benefits.
It’s a segment of the gambling market Queensland’s Jupiters Ltd is also chasing aggressively after enjoying a $10 million windfall for the second consecutive year as Lady Luck favoured the house over high-rollers.
“The high-roller business has been fantastic for us, we’ve been on a winning streak,” said the chief executive of Jupiters, Mr Rob Hines. “We’re actively marketing the high-roller business in Asia – we have people there.
“We’re putting a big investment into it and we think it is a very significant and important part of our business.”
But not all those chasing the high-roller business have found the cards falling their way.
Tabcorp Holdings Ltd, the owner of Sydney’s Star City casino, lost $4.3 million in bottom-line profit last financial year, crashing 36 per cent below …