- Gold Coast region of Australia could welcome a second casino
- Reports of State Development Minister’s support for proposals
A second casino could likely be built on Australia’s Gold Coast, following news that Queensland’s Government support plans for a new gaming venue.
Australia’s Gold Coast Bulletin has reported that Mayor Tom Tate revealed that he had received a letter from State Development Minister Anthony Lynham, on behalf of Premier Annastacia Palaszczuk, which revealed the Government’s support for the proposals.
However, original plans to build a large casino site at Southport will now not go ahead with a new bidding process likely to take place instead.
A long process
Original plans for the new casino site would have included Queen’s Park Tennis Club, the Southport Bowls Club and Carey Park, though those ideas are now alleged to have been dropped.
The Queensland Government is now reportedly set to issue a statement advertising the project to possible investors in the hope that a casino operator becomes interested.
This latest development comes just a couple of months after the Government rejected a A$3 billion plan for a casino site at Southport backed by Chinese group ASF Consortium, with local residents unhappy with the suggested proposals at the time.
However, with the State Development minister now replying to Mayor Tom Tate’s letter announcing Government support for a new casino site, it appears that the Gold Coast could soon have its second casino.
Although the venue will not be built at the planned Southport venue, the new site could be constructed anywhere on either public or private land.
What now for the casino plans?
Chinese consortium ASF was originally one of the favourites to operate a gaming venue on the gold coast, however the rejected Southport plans may mean they will not become the investors of a new project.
The Government is soon expected to issue a statement seeking applications from international investors for a new gaming venue, with reports even suggesting that Las Vegas operator Caesars Entertainment may launch a bid to invest.
Both the ASF Consortium and Caesars Entertainment were believed to be preparing a joint bid for the Southport site, however with a new destination now being looked into Caesars could be putting together a singular bid. What is for certain though is that the Gold Coast’s The Star casino will soon have a competitor.
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