Tue, Nov 27, 3:01pm by Staff Writer
Gold Coast City councillors are divided about whether the city’s second casino should be built on public or private land.
The issue is set for fierce debate at council in the coming days after three councillors last week supported a motion for the casino to be built on “privately owned land” were outnumbered by those who opposed this.
Approximately 83 per cent of people opposed a caisno on public land at the Carey Park car park at Southport between Australia Fair and the Broadwater Parklands according to the Gold Coast Bulletin.
Southport-based councillor Dawn Crichlow said she intended to ask councillors to back the existing policy of not allowing a tourism hub on Crown land.
Council voted last October to write to the Government to indicate its support for a casino on privately owned land, but not the public-owned Southport site.
Clubs Queensland, which represents more than 1,100 community clubs predicts a second casino operating alongside The Star Gold Coast would result in about 30 clubs closing their doors.
“And those club closures are just on the Gold Coast. The competition between three casinos will affect over 330 community clubs in the southeast corner. That represents 1.6 million members and some 10,000 jobs,” Clubs Queensland communications and government relations manager Laura Bos said.
Research recently undertaken by global corporate research company Macquarie Research outlined the impact on the local market of the proposed second Gold Coast Casino.
Macquarie noted that a development of larger than A$400 million would struggle to deliver an appropriate return.
The report said that, “we see challenges in generating an appropriate return on a development larger than A$400 million.”
The planned casino would be part of a broader tourism hub that would seek to attract high-profile musical acts, contain apartments, a shopping centre and gaming venue.
— Casino Life Magazine (@casinolifemag) November 19, 2018
The site of the proposed casino remains unknown, with locations in Southport and Broadwater Parklands floated by Gold Coast Mayor Tom Tate.
The first and currently only casino on the Gold Coast, the Star Gold Coast has recently been approved for an A$2 billion upgrade.
The Star Casino’s masterplan includes a commitment to no more poker machines for the Gold Coast and would integrate tourism assets across the Star Gold Coast, Queens Wharf Brisbane and the Sheraton Grand Mirage to A$9 billion.
The Global Tourism Hub hopes to attract national and international investors and is expected to boost Queensland’s A$25 billion tourism industry that supports more than 200,000 jobs.
The 2019 World Series of Poker began less than three weeks ago, but there has been time to crown more than 30…
Australian businesswoman Melanie Brock has achieved a rare double, becoming one of the few foreigners, and even fewer women, appointed to a…
When casinos cater to a high roller, a person with nearly unlimited money to spend and a penchant for gambling, the odds…