Sunday, January 9, 2011

Christmas Island Casino


The Christmas Island casino is amazing, its like a step back in time to 15 years ago, when it closed during the 1997 Asian Mini Finical crisis (from which it never recovered)

These days its fully booked by the Federal Governmental for staff that work in the detention center at a rate of $50k per room per year, we've done the sums, and its earning the current owners over $12m per year. Not bad for an investment 5 years ago of less than $5m.

The current owners are using all the cash to refurbish everything, and bring it all back on line, and are saying they value it at $125m, and that its one the market.

We went through the gaming floor, and its all been left just as it was the last day it ran, even with the current currency rates on the walls as of 1997, and stuff like that.


The locals claim that when the casino was running it was the best time the island has every seen, there were daily flights to Australia, and on Friday, flights arrived from Singapore, KL and Jakarta, locals could fly-out on the empty return flights for next to nothing, and return on Sunday, just in time for the high rollers to leave back to their cities of origin.
The pools still not filled, evidently, they are waiting on pool fencing to arrive on the next ship, (which is now been delayed again, and will not dock for another 10 days) and then the pool can be filled.


2 comments:

  1. yes i remember working there,it was the glory days when Indonesian money and their women were flowing freely down the aisles,the establishment actually consulted fen shui masters to grab the world record casino earnings of its time(this explains the water feature at the entrance) from the high rollers who came by PJ(i used to chauffeur them)at the most ungodly hours.

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