Reef grief: hot Australian resort takes a hit as its casino falters
Article Abstract:
The Reef Casino and hotel complex in the Australian resort city of Cairns, northern Queensland, has reported a loss of $4.7 million. The Reef Casino Trust, owner of the complex, has recently had to halt trading on its stock as share prices plunged. Chairman John Coates explained that the poor performance was due to gaming losses and the depressed tourism market. However the Reef has been struggling since it opened in January 1996, and, although Cairns developed rapidly, the expected high growth rates did not continue.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Macau sets its sights on the high table
Article Abstract:
Macau's gambling industry earned four billion dollars as revenues in 2003. Its proximity to China, which is the world's biggest gaming market, makes it hugely attractive to global players and it is said that the playerEs investment will transform Macau into the Las Vegas of the East.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 2004
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Gambling on a new look
Article Abstract:
Las Vegas Sands casino which opened in Macau on May 18th, 2004 has broken the traditional design of casinos all over the world. It is designed by Paul Steelman Design Group as a stadium casino with a seven-storey atrium and glass windows which will lure more gamblers.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 2004
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