πŸ’ Qld govt rejects $3b Gold Coast casino bid | SBS News

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The Echo decided to move if Brisbane Casino gets the approval! Matt Bekier, chief executive officer of Australian gambling operator Echo Entertainment Group​.


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Echo Entertainment has won the Brisbane casino bid.


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Queensland's premier has compared the Gold Coast's Spit to New York's Central Park after her government rejected a $3b proposal to build a.


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the Queensland government to ditch plans to develop a second casino on the Gold Coast in a bid to convince the Queensland government.


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After three years of going through the development application process, the initial plan was rejected on height issues. The introduction of another local casino competitor would force us to defend our local market share at the expense of driving incremental growth in interstate and international tourism. In a trading update for the September quarter released on Thursday, Star reported group revenue was up 1. While we delivered 10 per cent growth in unique visitation on the year, normalised revenue was down He said the statutory international VIP rebate business revenue declined at a lower rate of In Melbourne, casino rival Crown Resorts noted a 46 per cent fall in turnover in the VIP program at its local resorts in the first few months of the financial year at its AGM today. His call to arms inspired investors, with the casino group's share price jumping 4. Credit: NSW Planning. Mr O'Neill said the debate over a second casino on the Gold Coast had been a been a distraction for seven years and "yielded nothing but considerable cost β€” tens of millions of dollars β€” to governments and is impacting our business, weighing on our share price". The Sydney Morning Herald.

Star Entertainment Group has unveiled a multibillion-dollar 'master plan' to develop assets on the Gold Coast in a bid read article convince the Queensland government to abandon plans for a second casino in the city.

Star Entertainment chief executive Matt Bekier said it had been a "mixed year" for the business, impacted by domestic consumer sentiment and global economic softening.

An artist's impression qld casino bid The Star's proposed metre tower at Pyrmont. Carolyn Cummins Twitter Email.

The development pitch comes as the casino giant awaits a decision from an independent panel on a proposed metre tower at its casino complex in Sydney's Pyrmont which has been opposed by the NSW planning department. Crown shares were trading 1 per cent higher in mid-afternoon trade despite the sharp drop amid large protest votes against the re-election of several board members. It comes with the proviso that Star would be able to enter an exclusive arrangement with the Queensland government, which earlier this year called for registrations of interest in developing a global tourism hub and a second casino on the Gold Coast. License this article.