Australia’s new casino to be a match for Macau
The plan to complete the first phase by 2018 will entail the construction of some 7,500 hotel rooms around an artificial lagoon, with an 18-hole golf course and water park. Once complete, it will almost treble the region’s hotel accommodations and be bigger than Singapore’s two casino resorts put together.
“This is the closest western city to China,” he said of the tropical Australian city where the brother of former U.S. presidential candidate Howard Dean dropped out in the early 1970s,” Justin Fung, added.
Competition is strong in the Asian region for gambling expansion with Macau now locked down to the six existing casino operators there already splitting up annual revenues of $45 billion. However, Australia is seen as having huge potential with the amount of Chinese travelling overseas rising over 26% in 2013 alone and at the same time spending $129 billion while on their tours.
Cairns new casino resort once complete hopes to tap into that huge market potential.
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