New casino may face revenue challenge, analyst says

CBA Institutional Equities analyst Ben Brownette says Crown Resort’s proposed Barangaroo casino may find it tough to generate enough revenue, local media said. If Crown Chairman James Packer wants a 10 percent return on his $1.3 billion investment he will need to generate $130 million in earnings and that would be hard without poker machines, he was cited as saying by SkyNews.com. But he said Crown Sydney could generate benefits for Crown’s other casinos in Melbourne and Perth.