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With Chinese tourists gone, Australia’s Crown Resorts casino draws local gamblers
Australia’s casino giant Crown Resorts on Wednesday said it was betting on domestic gambling to bolster profit, as an international travel ban triggered by the coronavirus pandemic wiped out much of its annual earnings.Crown, one-third owned by billionaire James Packer, previously pegged its future to well-heeled Chinese tourists visiting its casinos in Melbourne and Perth, with a new A$2.2 billion (US$1.6 billion) resort in Sydney to open later this year.But with borders worldwide closed, net…
Read the original article at South China Morning Post