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BankrollMob Casino News

oct
17

China Detains Crown Resorts Staff For ‘Gambling Crimes'

Tags: Australia, China, Crown Casino.
Posted on Monday, October 17, 2016 by "T".

On Friday, Chinese police have reportedly detained many representatives of Australian casino giant Crown Resorts Ltd and the real reason was not divulged as of yet. Shares in billionaire James Packer's Australian gaming and resorts company Crown Resorts fell by over 10% today following the arrest of 18 of its employees by the Chinese authorities, which included three Australian nationals. Crown's executive general manager of international VIP services Jason O'Connor has been verified as one of the detained Australians.

Most of the detained staff were based in China as part of Crown's local marketing and sales team. It is prohibited in China to advertise gambling services on the mainland, but casino operators are allowed to promote their resorts' non-gaming tourism offerings such as hotel accommodations, restaurants, concerts, shows, etc.

The arrests, according to China's Foreign Ministry, were made due to suspected ‘gambling crimes' without further explanation. It said it was still investigating the issue.

Due to the this, Crown shares fell approximately 14%, their largest one-day decline ever, while their smaller Australian rival Star Entertainment Group Ltd dropped to 5%, amidst rising concerns about the impact this event would have on the companies' ability to attract wealthy Chinese gamblers to new major developments in Australia.

Even though it still remains unclear what brought on the mass detention, analysts speculate that the move suggested Crown had miscalculated the enforcement climate regarding marketing its venue and activities on the mainland, where gambling is deemed illegal except for some regulated state-sanctioned lotteries.

Many other gaming operators have toned down their marketing efforts in China over the past two years, focusing more on their restaurants, hotel accommodations, live shows, concerts, and other non-gambling events.

David Green, an analyst at Newpage Consulting (which focuses on Asia's gambling industry) said, "Crown staff possibly either thought that there's nothing to worry about, or they may have only recently revived their marketing operations in China. Whatever it is, they've got it wrong."

Earlier this year, as a result of the Chinese government corruption crackdown putting the brakes on the gaming revenues in Macau, Packer had stepped down as co-chairman of Melco Crown.

Hong Kong-based analyst Vitaly Umansky said the detentions looked to be a repeat of China's crackdown on South Korean casino marketing efforts which occurred a year earlier, a move not often seen as an attempt to curb Chinese gambling than to keep it under control domestically.

Umansky added, "The Chinese government seems to be making a clear statement about its view on gaming activity being offshored to foreign jurisdictions, while Macau is not being targeted in the same way."

Source: https://www.ft.com/content/08aac962-936e-11e6-a1dc-bdf38d484582

 


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12 comments for "China Detains Crown Resorts Staff For ‘Gambling Crimes''"

 pochui10/17/2016 3:14:40 PM GMT
well there you go... crown resorts staff can't think that they can do all they want while they are in the democratic peoples republic of china. every entity should feel that they carry a big burden or responsibility and should be crystal clear while doing their operations in PRC.
 Mober10/17/2016 7:42:45 PM GMT
Gambling crimes huh? One after another in china and macau
Who knows what actually is happening there.
But when a casino is involved, you can expect anything.
Not the purest form of business, in any place of the world.
 bowie198410/18/2016 12:33:51 AM GMT
Posted by Mober:
Gambling crimes huh? One after another in china and macau
Who knows what actually is happening there.
But when a casino is involved, you can expect anything.
Not the purest form of business, in any place of the world.

They probably make some south-east asian politician/apparatchik loose a nice sum of money in their casino and now its revenge time Big Smile
 cwdignus10/18/2016 1:11:46 AM GMT
how much hypocrisy of the government and Chinese officials the country of counterfeiting and disrespect global patent laws ... wants to ban poker or casino that can not understand...
poker is not gambling ... poker is a game of strategy
 demodawggy10/18/2016 3:16:39 AM GMT
... Big Smile< ....MY first thought was....: "That's a WHOLE lotta various fresh organs for the party elite to chose from...! A regular schmorgasboard...! " Confused Big Smile

... Big Smile<...then from whatever is left over,...they grind up, and make 'cat food'...! lol...
 TheMachineQC10/18/2016 5:33:11 AM GMT
I think in china if you steal it's a lot more common for people to go ahead and do their own justice... They will cut your hand off if you steal their stuff! or wait isn't that the arabs? lol I'm not sure Big Smile

Anyways, stealing a casino isn't the best idea. Sure they have a lot of cash but there's also heavy security, cameras and people watching them 24/7!!
 doubletop77710/18/2016 8:24:54 AM GMT
It will be interesting to find out what these arrests were for, it all seems very vague to me. You would think that these big multi-national corporations would know all about the laws but it seems not
 DaCapo7110/18/2016 3:48:27 PM GMT
Yes in some countries it was not allowed to gamble in the Casino or online Big Smile But that some People arrested, this was verry strong... It seems, that the gambler crime scene was verry active Blink Verry nice, that i live in a other Country.
 pajalnick10/18/2016 3:49:18 PM GMT
China is a strange country ... they may have what is allowed and prohibited at the same time ... about as in my country, in Russia ... the casino offline banned but there are a few places where there is a casino poker sites online .. locked (you have to get the lock) but playing online nobody forbids ... nonsense
 Mober10/18/2016 8:05:10 PM GMT
Whatever works for the politicians. Isnt that how it works every time, every where ?
Its like, this is bad for you, so since we want the best for you we will forbid it.
This is even worst for you, but we are making too much money from it,
so we are gonna allow it.
 bowie198410/19/2016 12:59:09 AM GMT
Posted by pajalnick:
China is a strange country ... they may have what is allowed and prohibited at the same time ... about as in my country, in Russia ... the casino offline banned but there are a few places where there is a casino poker sites online .. locked (you have to get the lock) but playing online nobody forbids ... nonsense

Hows the funding/banking going with the russians?
Are they allowed to use Skrill/Neteller? Are they allowed to register in online casinos with EU (UK) affiliance?
 Tony_MON7ANA10/19/2016 5:10:16 PM GMT
Most of the casinos used to be able to rake in sales from the high rollers who splash money around town. But nowadays, that is not the case anymore. Many gaming operators have toned down their marketing efforts in China over the past couple of years, focusing more on non-gaming events, including restaurants, hotel accommodations, live shows, etc.

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