Star Entertainment Gold Coast Market is Saturated

Published by David Rednapp
Published on 11 Mar 2019 by David Redknapp

Queensland Invites Proposals to Build Second Casino

Opposition to the Queensland Government’s call for proposals to build a second casino on the Gold Coast continues to grow. Anti-gambling groups are worried that Queensland is being turned into an Australian Nevada, and they don’t want to attract problem gamblers to their region. But it is not only anti-gambling groups who are calling for the government to stop the development process. Star Entertainment Group, which runs the Star Casino on Broadbeach has its own reasons.

The Australian casino group believes that there is no place for another casino in the area, claiming that the Gold Coast’s gaming machine market is already saturated.

$1B Casino Development

The government has invited expression-of-interest proposals from developers to be part of the building of a $1 billion development project. Kate Jones, Queensland’s Tourism Minister, said that the integrated resort would include a concert venue, entertainment facilities, convention space and dining and retail facilities, as well as a gambling facilities of course.

Minister Jones said that the government doesn’t want the decision about where the best place on the Gold Coast for a new casino should be, to be made in Brisbane

”What we are saying is we’ll go to market and the market can come forward with what they sites they think stacks up,” she said.

Star Nixes Idea to Run Second Casino

The Queensland Government has said that Star Entertainment Group is free to put forward a proposal to run the second casino on the Gold Coast. However, Star immediately nixed the idea, saying that it already had plans to expand its Broadbeach site to the tune of $2 billion.

Geoff Hogg, the MD of Star Entertainment in Queensland, said that the group had done public consultation in 2016, and after receiving government approval, it was planning to put up another four towers, in the addition to the one it has already commenced.

Hogg said that the Gold Coast’s gaming machine market is already saturated and the group had no plans to increase its casino floor space as part of its expansion plans.