On July 5, 2017, the ASF Consortium confirmed that they are in talks with the American gambling company Caesars Entertainment Corporation for a possible collaboration on a $ 3 billion resort in the Gold Coast of Australia. Caesars currently manages dozens of buildings around the world. Now there are also plans to conquer the Australian gambling market.
Gigantic casino complex
The developer plans to invest $ 3 billion in a particularly large hotel and casino complex. The destination is not far from the Sea World Gold Coast Marine Park. The government of Queensland has selected the ASF Consortium as the favorite bidder for the construction of the gigantic gambling complex. The director of the investor group, Louis Chien, told the local media that Caesars was just one of the many operators they were talking to.
The government of Queensland already concluded a consultation procedure with the state residents in April 2017. The results may not be known yet. As soon as the ASF Consortium has more information about the investigation, more details will be released.
The area is currently in the casino resort of Star Gold Coast. The building is also being renovated here. The building is undergoing a major transformation thanks to a $ 1 billion renovation project. When asked about possible competition from Caesars, the Australian gambling company, The Star Entertainment Group, said that everything revolves around the renovation of The Star Gold Coast.
Research local market
The local media indicate that Steven Tight, Caesars International Development President, visited the Gold Coast region last month to conduct a thorough investigation into entering the local market. It is still unclear whether the casino operator cooperates with the ASF Consortium or whether a separate bid will be made.