The Premier of Queensland recently came out and said that she does not support the idea of having more casinos operating on the Gold Coast and does not want the area to become known for its gambling and casinos. The Premiere, Annastacia Palaszczuk, recently spoke to media outlets on the Gold Coast and dismissed the possibility for more casinos. Her comments to the media came just days after reports that the renowned Las Vegas casino operator, Caesars Entertainment, had expressed interest in operating a casino in the Aussie city.
Gold Coast Laws Permit One New Casino
The Queensland Premier went on to add that, as it stands right now, the law only allows for the God Coast to have a single new casino. This new casino license has already been issued to a group of investors, backed by China.
The ASF Consortium is currently in the process of beginning construction on its $3 billion integrated resort, which will be built in Gold Cost’s Southport Split. It has also recently come to light that the investors of the casino have been in talks with several big casino operators, who are trying to secure the rights to operate the casino side of the resort.
It is believed that Caesars Entertainment is one of the casino operators that is in talks with ASF Consortium. Caesars Entertainment has over 50 gambling operations, operating in six different countries around the world. However, it does not have any operations in Australia, but it seems very interested in changing that.
Will Caesars Pursue Own License?
At this stage, the industry is unsure if Caesars Entertainment will do its best to partner with ASF Consortium, or if it will attempt to secure an additional license for the Gold Coast. ASF Consortium was originally believed to be trying to partner with the Australian group Crown Resorts to run the gambling operations, but talks seem to have stopped on that deal.