Crown detainment highlights Chinese VIP biz risk, says Fitch

Chinese VIP business remains to be a risky venture for global operators as high roller gambling by Chinese nationals outside of China continues to be on the top of mind for Chinese authorities.

This was the assessment made by international credit debt watcher Fitch Ratings in light of the detainment of 18 employees of Crown Resorts in China.

Fitch believes that the risks related to the more recent detainment (namely reduced VIP volume) will affect the Asia-Pacific casinos more than casino operators in Macau.

It explained that VIP in Macau represents less than 20 percent and 10 percent for Fitch rated MGM China and Sands China, respectively.