Aussie casinos hit by Singapore's IRs
The competition has led to calls by Australia's casino mogul, James Packer, for the federal and state governments to try to lure back these high-spending Asians.
Packer's two casinos, Crown in Melbourne and Burswood in Perth, have seen turnover from high-rollers drop 8 % in the six months to Dec 31.
Burswood suffered more, with VIP revenue down 14.3 %, compared with Crown's 5.5 % fall.
Australian casinos bring in about A$ 700 million (US$ 895 million) a year from VIP gamblers, who contribute to about 15 % of all casino revenue, according to a Merrill Lynch analysis.
Casinos such as Crown tend to focus on attracting high-rollers from China and Hong Kong. Tourists from Taiwan, Korea, Malaysia, Singapore and Indonesia also make high-spending visits to Australian casinos, according to the Australian Gaming Council, which represents the industry.
Wilton Rancheria breaks ground on Sky River hotel resort development
Putin approves creation of Russia's sixth gambling zone in the Altai region
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
FanDuel CEO Amy Howe exits as Flutter faces industry shift and lowered forecast
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Flows secures Pennsylvania Gaming Control Board authorisation
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Sportsbook integration: Deploying betting widgets at scale
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
Wazdan shortlisted in five categories at SBC Awards Americas 2026
