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 Government calls bluff

10 August 2001

Australian Government calls bluff Burswood Poker Machines Denied The Burswood casino and resort in Perth, Australia, received disappointing news from the Western Australian government which denied its request to operate poker machines. Burswood had hoped to become the only operator in Western Australia allowed to run poker machines. Analysts also expressed their surprise at the government’s decision. They had hoped that move would increase Australia’s lagging gaming revenue, and of course Burswood’s especially, and that Burswood would concede to a higher tax rate on their gaming income. Now analysts are expressing doubts about whether Burswood will achieve anything from continued negotiations with the government over issues including its tax rate, the 10 per cent shareholding cap, and approval to operate more gaming tables. Robert Gee, a CIBC analyst, expressed his clear opinion, “It''s disappointing for Burswood and the tourism industry . . . Burswood is already the worst casino in Australia because the product that''s on offer is the most boring so people who are regular casino customers go in there and say ‘gee, what have we got in there?’”

< Gaming News