Forum Archive Index - April 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

I don't like having to repeat myself on this forum, but some things just 
have to be repeated.

Here is what Sky City say about their business in the 1999 investment 
statement (from p20), as i reported on 25th March:

"Around 75% of Sky City casino customers are drawn from the 
Auckland Metropolitan region.   Visitors to Auckland from elsewhere in 
New Zealand make up approximately 15% of Casino customers with 
the balance (10%) represented by overseas visitors."

In order for SARS to be a threat to the profitability of SKC, we must 
have evidence that  Asian high rollers are responsible for a significant 
proportion of the profits of SKC.   I would like to point out that there is 
no evidence to support the statement that asian high rollers are all  
significant in the business plan of SKC.  Nada , zilch, zip, none at all.

As a result, all claims that Asian hotspots of SARS are a threat to SKC 
are from now on inoperative.   The claim that Asian high rollers are 
staying away from SKC in droves have now ceased their credibility 
(they were never there in significant numbers to start with).   Any claim 
that the profitability balloon of SKC is about to be pricked by asian 
SARS hysteria is an ex-claim.   Bereft of credibility, all such claims 
should now rest in peace.    SARS horror scenarios for SKC are now 
dead, buried and pushing up daisies.

Have I made my opinion clear on this one?

SNOOPY

  
--
Message posted by Harry Tennyson
 using Pegasus Mail 4.02
I have Word 97 to read attachments
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