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Lasseters fined for liquor breaches

Thu, Sep 19, 7:33am by Staff Writer

The Alice Springs’ Crowne Plaza Lasseters was fined $18,000 for housing drunk players in its halls.

Tunf reports the Alice’s strict policies and regulations regarding drunk players in the casino means the facility didn’t comply with the rules.

Ford Dynasty, the owner of the complex, admitted to the failure by allowing alcohol-intoxicated players to remain on the premises and place bets.

This happened several times, with three incidents, one on November 5 and another two in December.

Failure to comply with the rules has meant the casino has been fined $5000 for a first time offence.

It has also been ordered to compensate the victims of the incidents $1000, as part of a so-called ‘victim tax’.

Despite the incidents and fines, the casino continues to operate smoothly.

Instead of noting a reduction in its clientele, the company has received 35 per cent more visitors.

This happened after the new law introduced last year was enacted.

Police officers can stop questioning people who are less than 20 metres away from the premises, according to the new regulation.

The idea of regulations is to reduce and prevent alcohol consumption in that community.

When a person is arrested by the police for showing signs of intoxication, is subjected to a breathalyzer test.

Lasseters Entertainment casino is one of the best known and most visited places in Alice Springs.

The complex consists of four restaurants, two bars, a sports hall, several nightclubs and an international casino.

The complex is being rebuilt and will have a VIP games room.

Sky City profits down after lucky year for baccarat players

Casino operator Sky City says it made $137 million in profit in 12 months to June 30, down 14.7 per cent from a year ago, following the sale of its Darwin property and as international gamblers got lucky on baccarat, The West reported in August.

The Kiwi casino and entertainment company said the high stakes gamblers who bet $14.1 billion at Sky City casinos had a good year, resulting a house “win rate” of just 1 per cent and costing Sky City $26.4 million in profit for the year.

Baccarat has a theoretical win rate or house advantage of 1.35 per cent – meaning that for every $100 bet, the casino retains $1.35.

In the nine years before last, Sky City’s win rate averaged 1.33 per cent and was 1.32 per cent in fiscal 2018 but has been below 1 per cent before.

“Bet size and frequency of play can vary and cause win rate to deviate from the theoretical over discrete periods,” the company said.

Sky City said that stripping away the impact of its unlucky win rate, the $188 million sale of its Darwin casino to Delaware North in April and the sale of a carpark in Auckland resulted in a normalised net profit after tax of $164.4 million, up 1.9 per cent.

Sky City kept its dividend unchanged; ASX shareholders will be paid 11.7647 NZ cents per share, unfranked.

Sky City said its international convention centre and five-star hotel project in Auckland was progressing more slowly than hoped, but its $330 million expansion of its Adelaide casino was on-time and on-budget, and expected to open in October 2020, in time for the T20 Cricket World Cup.

The development will include a 123-room luxury hotel, a wellness centre and more restaurants and bars.

SkyCity’s new bar and restaurant, the Guardsman, is set to open in the Adelaide Railway Station in November.

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