REPORTS QUEENSLAND
Te new $3.6bn IR development Queens Wharf Brisbane is set to open in the second half of 2023. Te project is a multi-billion dollar development over 12 hectares of CBD land and once
completed the resort will include a Sky Deck, 1,000 hotel rooms via three luxury hotels (Te Star, Te Dorsett and Rosewood), 50 plus restaurants, bars, cafes and retail outlets. Queens Wharf Brisbane
THE CASINOS Tere are four casinos operating in Queensland: l
Te Star Gold Coast (formerly known as Conrad Jupiters) opened back in 1985 and was Queensland’s first casino. It has been operated by the Star Entertainment Group since 2017 which also operates the Treasury Brisbane and the Star Sydney. Te Star Gold Coast has more than 118 tables and 1,500 slots and saw a gross revenue in FY2022 of $424.4m.
Te venue has undergone several projects including the opening of four new hotels and events space. Te projects are part of a $2bn masterplan to develop the Broadbeach Island area adding a total of five towers, apartments and dining and entertainment facilities. Tis together with the Queen’s Wharf Brisbane development aims to drive tourism to south east Queensland.
l
Treasury Brisbane opened in 1995 and has over 1,586 EGMs and around 80 table games. Te casino saw gross revenue in FY2022 of $326.1m.
l
Te Reef Hotel Casino in Cairns opened in 1996 and offers more than 450 slots and 37 plus table games. It is operated by Casino International (Cairns) and Accor Casino Investments.
Te hotel offers 128 rooms. Tis casino has also been highlighted for violating Queensland’s junket gaming rules and is looking at a fine for the offence.
l
Te Ville Resort Casino in Townsville opened in 1986 on the edge of the Great Barrier Reef. Te resort is operated by the Colonial Leisure Group an operator of clubs and hotels and bars and owned by billionaire businessman Chris Morris. Te casino operates around 350 slots and 21 table games.
Meanwhile the new $3.6bn IR development Queens Wharf Brisbane is set to open in the second half of 2023. Te project is a multi-billion dollar development over 12 hectares of CBD land and once completed the resort will include a Sky Deck, 1,000 hotel rooms via three luxury hotels (Te Star, Te Dorsett and Rosewood), 50 plus restaurants, bars, cafes and retail outlets.
Once opened the Treasury Casino will be relocated to new premises and the buildings will be restored and repurposed before re-opening as the Ritz Carlton Hotel and retail and restaurant outlets.
Te project is developed by Destination Brisbane Consortium, a joint venture made up of Te Star Entertainment Group and its Hong Kong based partners, Far East Consortium and Chow Tai Fook Enterprise.
All this is due to be completed well before Brisbane hosts the Olympics in 2032 alongside various new developments and upgrades of venues and commercial and accommodation facilities.
With the recent issues in New South Wales however Star Entertainment Group now has to prove its worth to run casinos in Queensland with some shadow cast over the $3.6bn Queen’s Wharf development.
Queensland has since announced strict new casino laws following the regulatory inquiry and these will provide the implementation of independent monitors to oversee casino operations to ensure casinos are operating lawfully and to take responsibility to reduce gambling harm.
Te Gotterson Review has highlighted major failings in the Star’s operations at the Star Gold Coast and Treasury Brisbane and show cause
Queensland has announced strict new casino laws following the regulatory inquiry and these will provide the implementation of independent monitors to oversee casino operations to ensure casinos are operating lawfully and to take responsibility to reduce gambling harm. Social Gambling Reforms
P40 WIRE / PULSE / INSIGHT / REPORTS
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