There are two casino licenses up for grabs on the Gold Coast and in Cairns, and Crown Resorts may consider bidding for one of them. After the operator lost its bid to build Brisbane’s Queen’s Wharf Casino, industry experts have speculated that Crown has set its sights on the Gold Coast instead.
According to The Australian, Crown Resorts is working with Chinese development firm ASF Consortium to draw up a proposal for the Gold Coast casino license. While neither party has commented on the development, industry insiders say that ASF is eager to work with Crown on a casino resort in Queensland.
ASF has expressed a strong interest in opening a casino on the Gold Coast Broadwater, which is located near the Palazzo Versace and Sea World. Lawmakers warned the developer that it would have trouble securing a license without a local Australian-based partner, so it seems like working with Crown Resorts would be a perfect strategy, as it would help to get ASF’s foot in the door of the Australian casino gambling market.
This news comes shortly after Tony Fung announced that his Aquis Resort will not only be seeking a casino license. The $8 billion property will continue with planning and construction without plans to operate a casino on the site. This has been decided because the project had trouble securing a casino license. While there is a possibility that Aquis will enlist in a third-party casino operator to bid for a license, it does not seem to be part of the plans at the moment.
The two companies have remained very quiet about the negotiations, but the rumour mill is already turning. As this story develops, Aussie-Casinos will certainly keep you updated with more information.