Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Search Our Archive of Gaming Articles 

Australian Casinos get Asian Windfall

5 February 2001

AUSTRALIA – Feb. 5, 2001 –As reported by the Australian: "Big-spending high-rollers from Asia have helped boost the nation's casino industry to record profits as Australians' love of gambling also shows no sign of waning.

"…Gaming revenue climbed 8 per cent at Australia's 13 casinos to a record $2.39 billion in 1999-2000, part of a total $3 billion turnover, a survey by the Australian Casino Association found.

"…Casino revenue had quadrupled in Australia in the past decade. The ACA, however, said the value-added component to the community had increased by a similar amount.

"…Profits were boosted by a huge increase in revenue from international players, who lost $538 million last year, nearly a 50 per cent rise on the previous year.

"…Only last week a group of Asian high-rollers put nearly $10 million through Jupiters Casino on the Gold Coast.

"…But National Council of Social Service NSW director Gary Moore challenged the ACA to release a breakdown of gaming revenue. Mr Moore said he suspected it would show poker machines made up a large part of the increase…"

< Gaming News