Global Power | Local Knowledge | Uniquely Personal

Australia to use casinos to attract high-rolling Chinese investors

Australian tourism bosses are looking to make the most of the chance to attract new investment through tourist ventures.
Tourism industry leaders in Australia are looking to make the most of the chance to bring in new investors while the market is still hot, according to new reports.

In recent weeks, it has been stated that investors, and particularly those from China, are one of the biggest driving factors behind the strength in the property sector at the moment.

And bosses want to attract more Chinese people to the shores of Australia by pushing the casino market in a bid to bring in more high-rolling visitors.

Crown chief executive Rowen Craigie says: "If Australia doesn't get its act together it won’t capture a market share it otherwise would."

Crown says it wants to increase the number of casinos that are available across the nation, because these are what many Chinese tourists are looking for from their holiday.

This comes just days after it was announced by foreign minister Julie Bishop that Chinese middle class people are now "the most influential" tourists on earth.

Posted by Ravin Chatlani

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact

Subscribe Now