Australia

Caesars Quits from Australian Gold Coast Casino Bid

Published

5 years ago

June 28, 2019

Niji Narayan

Caesars Quits from Australian Gold Coast Casino Bid

Photo Source: abc.net.au

Reading Time: < 1 minute

Caesars Entertainment has pulled out of the race to develop a casino on Australia’s Gold Coast.

“Several weeks ago, Caesars Entertainment decided that it would not pursue a casino license in Queensland,” a Caesars spokesman said. No reason was provided by Caesars for its decision.

Queensland Tourism Department Director-General Damien Walker said the government had been informed “this decision by (Caesars) was a result of internal company changes and not the attractiveness of the Gold Coast market as an investment opportunity.”

Eldorado CEO Tom Reeg stated “no firm decisions” had yet been made on the company’s long-term international ambitions but “the opportunity internationally will have to be stupendous for us to run in that direction.”

As for the Gold Coast, it is still to be seen whether the proposed development of a second casino goes ahead at all, with no site yet confirmed and questions being asked over whether the region is big enough to host another IR under the government’s Gold Coast Global Tourism Hub ambitions.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.