ASF Consortium has just revealed that it has been in talks with Caesars Entertainment Corporation, a famous casino giant. The talks centred on coming together on a AU$3 billion integrated resort in the Gold Coast city of Australia. The government of Queensland chose the ASF Consortium as an ideal bidder for the creation and the construction of the casino gambling complex. The Director of the investor group, Louis Chien told the media that Caesars Entertainment Corp. was one of the many casino gaming operators that they had been in discussions with.
Louis further mentioned that the growing interest from leading casino operators indicated something. It indicated that there is room for another integrated resort in Queensland that will boost the local tourism market even more.
Queensland Casino Market
As previously mentioned, the developer is making necessary arrangements to invest AU$3 billion in building a massive casino complex and hotel. The casino resort will be located very close to the Sea World Gold Coast, at Marine Park.
In April, the government of the state closed the door to any discussions with the business and the residents of the state. However, the results are yet to be publicised. More so, ASF Consortium says they will provide more information about their new casino construction project soon.
The news about Caesars joining Queensland’s casino industry was announced last week. Currently, the company is managing dozens of properties all over the world. However, they are yet to make the brand more popular in the gambling market of Australia.
According to the local media, Steven Tight, the President of Caesars’ International Development travelled to the Gold Coast region sometime in June.
The purpose of the trip was to make due research on the possibility of his company entering the local casino industry of Queensland. However, it is still not clear if the casino operator will team up with ASF Consortium or chase a separate bid altogether.