• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Industry impact of Crown arrests uncertain: NZ SkyCity

Oct 21, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck, World  


Industry impact of Crown arrests uncertain: NZ SkyCity

New Zealand-based SkyCity Entertainment Group Ltd says it “is closely monitoring recent events” concerning the detention in mainland China of employees from rival Australian casino operator Crown Resorts Ltd.

The casino operator stated: “Financial impact of this situation remains highly uncertain, but is likely to be adverse over the short-to-medium term.”

It added: “Our continued focus on direct VIP customer relationships and conservative approach to credit are expected to mitigate adverse impacts from the Crown Resorts situation.”

SkyCity’s comments were included in a business update published on Friday. The firm operates casinos in Auckland, Hamilton and Queenstown, in New Zealand. It also has gaming operations in Australia, namely in Adelaide and Darwin.

In January, the firm announced it was revamping Adelaide Casino, to “attract a greater share of high-value international visitors, particularly from China and Southeast Asia.”

Several investment analysts had said in notes issued on Monday that the detentions were in cities across mainland China, and were connected to marketing activities – for the recruitment by Crown Resorts in mainland China – of high-value players. The company has not commented on the work of the people detained.

In its business update, SkyCity stated it neither had offices in mainland China nor employees based there. But SkyCity confirmed it engaged “independent contractors in China who help manage customer relationships from time-to-time.”

News of the reported detentions of 18 people described as Crown Resorts employees – in connection with what mainland Chinese authorities called “gambling crimes” – broke over the weekend.

Several investment analysts have said in notes issued this week that the detentions might have a negative impact on agents that scout in mainland China on behalf of overseas casinos for high value gambling customers.

“SkyCity is confident that its contractors comply with all relevant laws and regulations in China,” the casino operator stated. It added that none of its contractors had so far been questioned or detained as part of the investigation involving the Crown Resorts’ employees.

Crown Resorts chairman Robert Rankin, said in a Thursday statement that as of that moment, there were “no formal charges” laid against the Crown Resorts employees detained in mainland China.

Mr Rankin further noted: “Given the current lack of information available, it is not possible for anyone to be able to provide any informed commentary on these detentions. Likewise, any assessment at this time as to any material impact on our business is both premature and speculative.”


  • tweet
Related articles
  • China quarantine easing good signal for Macau: analysts
    China quarantine easing good signal for...

    Jun 29, 2022  

  • Blackstone clinches US$6.15bln takeover of Crown Resorts
    Blackstone clinches US$6.15bln takeover...

    Jun 24, 2022  

More news
  • Sega Sammy to launch Genesis Crest 43J cabinet in Asia
    Sega Sammy to launch Genesis Crest 43J...

    Jul 01, 2022  

  • Macau monthly GGR for June worst since Sept 2020
    Macau monthly GGR for June worst since...

    Jul 01, 2022  


Latest News

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Jul 01, 2022  

Casino equipment supplier Sega Sammy Creation Inc said in a Friday release it was debuting its Genesis Crest 43J cabinet in Asia. The product will be available at an in-person trade show, G2E Asia:...
Read More
Macau monthly GGR for June worst since Sept 2020

Macau monthly GGR for June worst since Sept 2020

Jul 01, 2022  

Kangwon 2021 average bet 61pct above foreigner casinos

Kangwon 2021 average bet 61pct above foreigner casinos

Jul 01, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


638

Aggregate number of Covid-19 cases in the latest Macau outbreak, as of Thursday-end



Most Popular

  • Macau tells casinos cut on-duty staff by 90pct: reportsMacau tells casinos cut on-duty staff by 90pct: reports July 1, 2022
  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • GKL says no biz lift soon from S.Korea-Japan travel easingGKL says no biz lift soon from S.Korea-Japan travel easing July 1, 2022
  • Macau monthly GGR for June worst since Sept 2020Macau monthly GGR for June worst since Sept 2020 July 1, 2022
  • Universal hopes Okada Manila biz listed before Sept 30Universal hopes Okada Manila biz listed before Sept 30 June 30, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us