Australia

Casino operator in talks with ASF for Gold Coast Spit site

The company behind Caesars Palace in Las Vegas is in discussions with preferred Spit developer ASF about partnering up on its Gold Coast mega resort.
2017-07-05
Reading time 1:14 min
The company behind Caesars Palace in Las Vegas is in discussions with preferred Spit developer ASF about partnering up on its Gold Coast mega resort.

ASF Consortium director Louis Chien said Caesars Entertainment, which has no sites in Australia, was among casino operators it was in talks with.

“They are one of many,” Chien commented this week.“ASF Consortium has been in ongoing discussions with a number of world-class operators.

“The heightened interest further validates the Queensland Government’s Integrated Resort Development process and our own research, that there is a market for another casino, especially an integrated resort which has grown the tourism pie in other. ”

Last week, the Bulletin revealed Caesars was eyeing up the Gold Coast for a project, with its international development president Steven Tight visiting last month.

Tight confirmed Caesars was doing a feasibility study to gauge if demand.

He didn’t respond to questions by deadline about whether Caesars preferred working with ASF or going it alone.

Chinese-backed ASF is State Government’s preferred proponent for developing an integrated resort in the city, and has proposed a five-tower resort and casino on a Spit site south of SeaWorld.

State Government consultation finished in April and ASF is waiting to hear results before submitting detailed designs of its $3 billion plan.

“We are confident the consultation will reflect the community’s sentiment and show broad support,” Chien said.

State Development Minister Anthony Lynham said his government was also sounding out the market for “another” casino integrated resort in Queensland and that included the Gold Coast.

“If the market sounding findings demonstrate notable interest, we will go to the market before the end of the year.”

Asked about Caesars, a spokesman for Star Gold Coast’s Broadbeach casino said: “We remain focused on a transformation program of $1 billion that will position The Star Gold Coast as a world-class integrated resort.”

 

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