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!
Related Links
Related News
 

Tabcorp wants more sparkle at Star City

15 October 2008

SYDNEY, Australia -- As reported by The Sydney Morning Herald: "...can a new outdoor poker machine area, sports betting area and a lick of paint really transform Star City from an ugly duckling into a swan?

"The Citi gambling analyst Jenny Owen, the most bearish of all analysts, is sceptical, saying Tabcorp's ambitions for increased visitor numbers and spending after the $475 million refurbishment may be too high.

"...At a presentation at the casino on Friday Tabcorp said it expected a return of at least 11 per cent from its investment.

"...Current trading at the casino is not good. Cashed-up gamblers are thinner on the ground, while low-end gamblers are still turning up to play the one-armed bandits but are spending less, Tabcorp said on Friday..."

< Gaming News