Queensland Premier Opens Door to New Casino Complex in Brisbane, Reports Gaming
New casino project proposed on Executive Building and Public Works
LONDON, UNITED KINGDOM -- (Marketwire) -- 03/06/13 -- Gaming Club has
announced that the Australian city of Brisbane could be set for a
second casino. Recently-elected Queensland Premier Campbell Newman
has suggested that he will allow a new casino to be built on the site
of the soon-to-be-demolished Executive Building and Public Works
Buildings in Brisbane.
The aim of the proposal is to help to revitalize a run-down area of
Brisbane, where the aforementioned buildings are situated. The site
will be made available for the building of a new casino and/or five
star hotel complex, which could prove to be Brisbane's answer to
Crown Limited's casino, hotel and entertainment complex in Melbourne.
It is believed that the frontrunners for the project are Echo
Entertainment Group, the owners of Brisbane's only casino Treasury.
Echo had a proposal for a 36 storey riverside casino knocked back by
the government, amid fears that treasury revenues might drop if two
casinos were situated too close together.
Mr Newman has reportedly met with Crown chairman and major Echo
shareholder James Packer to discuss the proposals. Packer is
currently in the process of selling off his majority stake in Crown
in order to allow him to buy a bigger stake in Echo. He also intends
to build a new casino and six star hotel complex at Barangaroo, on
Sydney's waterfront, and this will require Echo's casino license.
A new casino would create jobs and increase tourism in an area of
Brisbane that is deemed in need of a financial shot in the arm. The
global economic downturn has led regional governments across the
world to look towards casino projects as a means of injecting extra
money into the economy. Perhaps the highest-profile case in recent
times has been the long battle between Madrid and Barcelona for a new
money-spinning Las Vegas Sands casino complex, which was eventually
won by Madrid.
The expansion of casino resorts around the world has been mirrored by
the explosive rise of online casinos such as Gaming Club, which have
benefited from the increased availability of the internet across a
range of devices such as tablets, smartphones, and laptop computers.
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