Markets: Crown's Chinese game floor?

China’s rising middle class could provide a rich market for Australian leisure companies, if they play their cards right.

Crown Limited (CWN) posted a 14 per cent increase in normalised net profit this morning, beating analyst estimates and sending its shares up seven per cent in morning trade.

With Australian consumers devoid of confidence and harbouring a general unwillingness to spend their cash, Crown’s results are impressive and are largely supported by their exposure to international markets.


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