CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!

Gaming News

 

Australian Casinos' Profits Increase Five Fold

14 December 2000

AUSTRALIA -- Dec. 14, 2000 --As reported by the Australian Associated Press: "Australian casinos increased their profits five-fold last financial year with an increase in overseas high-rollers and poker machine takings.

"The Australian Bureau of Statistics says the country's 13 casinos had turned in total profits of $452 million in 1999-2000, up from $93 million the previous year.

"Takings from gaming tables and poker machines both increased eight per cent, to $1.438 billion and $938 million respectively.

"Overseas players gambled 47 per cent more and made up 37 per cent of the income from gaming tables, a total of $538 million -- 86 per cent from high-rollers..."

< Gaming News