CR140-p01-Front_Coinslot NEW 17/06/2014 10:26 Page 1
JUNE 2014 • EDITION 140
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News World
OFFLINE: THE US CASINO INDUSTRY TURNS ITS BACK ON LEGALISING ONLINE GAMING 2
MACAO GAMING SHOW
Preparing for Asia’s largest showcase EVENTS & DIARY 52
G2E ASIA REVIEW The key trends at this years show 26
THE BUSINESS NEWSPAPER FOR THE GLOBAL CASINO INDUSTRY
CASINO DEVELOPMENT
ANALYSIS
Queensland reveals Brisbane A resort casino finalists
Echo Entertainment and Crown Resorts are set to compete for the licence to develop and operate the much awaited new riverside casino and hotel in the Australian city of Brisbane.
A AUSTRALIA
Campbell Newman
fter paying a A$100,000 (E67,100) consideration fee and making a shortlist of 12 last month, operators Echo Entertainment Group and Crown Resorts have been told that they are now the sole runners in a race to develop a second casino in Brisbane, Queensland. The new casino would be the centrepiece of the A$1bn (E691,300m) redevelopment of the Queen’s Wharf area of central Brisbane and sit together with mixed-use projects containing six-star hotels, convention facilities, retail, restaurant and entertainment zones alongside new open spaces. Other firms that bid for the licence to bring casino gaming to the north bank of the Brisbane River included SkyCity Entertainment Group, Lend Lease, Greenland Investment and a joint
venture from Far East Consortium and Chow Tai Fook Enterprises. Echo and Crown will now be required to submit fully developed proposals by the end of the year before a winner is eventually selected. As part of a state stimulus package announced by Queensland premier Campbell Newman in October, the winner of the Brisbane licence must include a “landmark” hotel that will “help put Queensland on the map”. The capital of Australia’s third most populous state, Brisbane is popular with tourists due to its warm climate and proximity to the Great Barrier Reef. The city of 2.24m is hoping to emulate the success seen by Singapore after it built two casino resorts in 2010, with these properties - run by
Genting Singapore and Las Vegas Sands Corporation – helping to boost visitor spending. “It will be a landmark development designed to be a drawcard for international tourists and businesses for generations to come,” said Jeff Seeney, deputy premier for Queensland. The Brisbane announcement came only a day after Sweeney revealed that the proposed A$8.15bn (E5.63bn) Aquis Great Barrier Reef Resort casino resort project just north of Cairns alongside a similar A$7.5bn (E5.18bn) development from Eastern Success Group and ASF Consortium at Broadwater on the Gold Coast had been given conditional approvals. “These projects have the potential to create thousands of new jobs in these
two key tourism centres,” said Sweeney. However, critics point to the fact that the state is already home to four of Australia’s 13 casinos with one of these, the 123-year-old Treasury Casino and Hotel in Brisbane, which is operated by Echo Entertainment, only a short walk from the proposed site of the new development. They argue that new casinos designed for overseas high-rollers would be more likely to prey on local gamblers if there was a downturn in international tourism. However, the church fraternity’s defeaning silence about its own proven social misdemeanours does serve to devalue its opposition somewhat, although for some strange reason, it seems so very vocal about the gambling sector’s activities.
former soldier and mayor of Brisbane, Campbell Newman’s centre-right Liberal National Party of Queensland won an overwhelming majority in the elections of March 2012 on a promise to make the state “a can-do place once more”. The 38th premier of Queensland subsequently announced a raft of measures designed to improve the economy and bolster the state’s finances including the authorisation of up to three resort-style casinos featuring five-star hotels and restaurants similar to those in Macau and Singapore. “It’s about jobs, it’s about investment dollars and it’s about tourism potential for Queensland,” said the 50year-old at the time. “It’s about people coming here because we have something that is a drawcard.”In an effort to please voters in Brisbane, the first-time premier revealed that one of the new casino developments would be in the centre of the state’s largest city in an area adjacent to State Parliament currently dominated by government buildings while the remaining pair would be approved based on expressions of interest. Newman described Queensland’s current casinos as “run down and eroded”, while declaring that the future of the state’s tourism sector was “bleak” without new attractions.
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