Private Jets and Golf – Perks Casinos Offer High-Rollers

Australians at one time rioted against Chinese migrants drawn by a 19th-century gold rush. Sydney’s only casino now depends upon the city’s Asian ties for high-rollers who offer nearly a third of its revenue.

Echo Entertainment Group Ltd. is contemplating purchasing a golf course to get a resort south of Brisbane, Chief Executive Officer Matt Bekier stated in a telephone interview, to lure Chinese gamblers who’ve driven a fourfold jump in Macau’s casino income in the last 6 years. Billionaire James Packer’s Crown Resorts Ltd. has invested $100 million upgrading its fleet of personal jets for the exact same purpose. These perks are necessary to compete with the best online casino gambling sites that are vying high-rollers and corporate clients.

Australian businesses are seeking to tap increasing Chinese customer spending as Beijing winds down an investment boom that sparked a surge in commodity exports following the 2008 monetary crisis. China’s shift towards consumption provides new possibilities for Australia to benefit from its greatest trading companion, Trade Minister Andrew Robb stated in March. Read the Story on Bloomberg