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PR Newswire
14-10-2013, 05:09 PM
(This post was last modified: 14-10-2013, 05:13 PM by AlphaQuant.)
The luckiest country seeking ways to diversify from commodities - so far Japan, Taiwan are also looking to get a piece of the casino/tourism pie - together with the domestic boost from the related constructions.
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May issue 3 new casino licenses.
According to a report by Bloomberg, Australiaâs Queensland state may issue as many as three new casino licenses as it seeks to spur tourism with integrated resorts modeled after Singaporeâs Marina Bay Sands and Resorts World Sentosa.
The state will welcome applications for redevelopment of a riverfront site in central Brisbane that includes an existing casino operated by Echo Entertainment Group Ltd. (EGP), and consider allowing two more licenses elsewhere in the state, Premier Campbell Newman said today in an e-mailed statement.
The move challenges Echo, which has three of Queenslandâs four current licenses and accounted for 97 percent of casino spending in the state in the 12 months through June, according to data compiled by Bloomberg. Neighboring New South Wales state agreed in July to examine plans by billionaire James Packerâs Crown Ltd. (CWN) for a casino in Sydney that will challenge Echoâs monopoly in that city.
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May issue 3 new casino licenses.
According to a report by Bloomberg, Australiaâs Queensland state may issue as many as three new casino licenses as it seeks to spur tourism with integrated resorts modeled after Singaporeâs Marina Bay Sands and Resorts World Sentosa.
The state will welcome applications for redevelopment of a riverfront site in central Brisbane that includes an existing casino operated by Echo Entertainment Group Ltd. (EGP), and consider allowing two more licenses elsewhere in the state, Premier Campbell Newman said today in an e-mailed statement.
The move challenges Echo, which has three of Queenslandâs four current licenses and accounted for 97 percent of casino spending in the state in the 12 months through June, according to data compiled by Bloomberg. Neighboring New South Wales state agreed in July to examine plans by billionaire James Packerâs Crown Ltd. (CWN) for a casino in Sydney that will challenge Echoâs monopoly in that city.
