Industry observers question the viability of the Barangaroo project relying solely on foreign high-rollers
The Chinese government directive urging its citizens not to travel to Australia threatens to render a still under construction $2.2bn casino complex on Sydney harbour a “white elephant”, according to industry experts who say the project can no longer rely on income from high-roller gamblers from China who were central to its business model.
Gambling academics and city planners have all expressed concern over the future of Crown’s Sydney casino at Barangaroo as a result of the Chinese Ministry of Culture and Tourism’s warning to Chinese residents “to enhance their safety awareness and do not travel to Australia” issued last week, citing a spike in racism during the coronavirus pandemic.
Continue reading...source https://www.theguardian.com/australia-news/2020/jun/11/white-elephant-fears-for-crown-sydney-casino-as-china-warns-citizens-not-to-travel-to-australia
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