Day: 20 February 2019

London Receives the Largest Stake of National Lottery’s Contribution to Good Causes in 2018

Wed 20 Feb 2019 12.33 Daniel Williams
London Receives the Largest Stake of National Lottery’s Contribution to Good Causes in 2018

New reports have revealed that about one-fifth of the overall National Lottery contribution to good causes in 2018 was received by London – an amount which is nearly ten times larger than the amount received by Birmingham. According to recently revealed data, an overall amount of £277.9 million was given as a contribution to good causes by the National Lottery. The UK capital got a massive £56.5-million portion of this amount, unlike other regions, which were granted far less from the money. The East part of England, for example, received…

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Crown Resorts’ Australian Properties See High Roller Spending Decline Due to More Challenging Economic Conditions

Wed 20 Feb 2019 8.01 Olivia Cole
Crown Resorts’ Australian Properties See High Roller Spending Decline Due to More Challenging Economic Conditions

James Packer’s casino behemoth Crown Resorts has faced a decline in Chinese high roller’s spending, at a time when the Chinese economy marks its slowest growth in about thirty years. As revealed by the casino operator’s Executive Chairman John Alexander, the challenging economic conditions in China and stricter regulation on conspicuous consumption there have led to a decline in the so-called VIP gamblers at the Melbourne and Perth casino venues of the gambling giant. Mr Alexander explained that these economic effects make Chinese people feel poorer than they had been…

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