Indian players a safer bet: Green

The arrests of Crown Resort employees in China last year has reinforced the risks associated with relying on high value mainland gamblers, said Silver Heritage chairman David Green in an annual report released on Wednesday.

“The detention of Crown Resorts employees in China in October 2016 has exposed the significant risks associated with China-facing VIP programs, calculated to encourage high value mainland players to visit casinos,” said Green.

“The reliance of that market on credit has also exposed the fragility of the so-called junket operators who typically source high value players for casinos outside China.”

The chairman noted that the new Tiger Palace resort, when it opens in late-2017 will instead attract residents of Northern India.