Shaky future for casino monopolies in Australia

    Published in: Latest IntelligenceAustralia’s casino monopolies may become a thing of the past amidst aggressive moves by Crown Resorts to break their stranglehold, but success in attracting wealthy Asian clientele is likely to be the key as to whether the market can support the expansionAustralia’s states have long been loyal to one casino operator each. Although the introduction of poker machines, or ‘pokies’, in some states in the 1990s (as they were already available in NSW) changed the gaming ground somewhat, operators have always been sole licensees.Some say this stranglehold has lead to a lack of investment in the country’s casinos, which now seem outdated and are failing to live up to their full potential.“The tourism product, the infrastructure that we have in this state, is from a different era; in some cases it’s faded and jaded,” Queensland Premier Campbell Newman was recently cited as saying. After succeeding in breaking...

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