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In addition to Canberra’s casino, a consortium including Aquis has secured a deal to build a hotel-casino on the Gold Coast. The $2 billion casino, to be based in Broadwater, will go head-to-head with Echo’s brand new casino at Queens Wharf in Brisbane, also costing $2 billion. It’s not only Crown who have a rivalry with Echo to enjoy, it seems.
“I have recognised the unique suitability of the Cairns region to develop an integrated resort, based upon the Macau model,” Fung said in a statement on the project’s website. “Aquis gives Queensland an opportunity to fend off its southern and regional competitors for the increasingly important Chinese tourism market.”
Another UK gambling firm, William Hill (which also operates Down Under) launched an audacious bid for Canadian firm Amaya recently. Amaya owns Rational Group, the operator behind PokerStars. The bid is still on the cards, William Hill have claimed.
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It is argued that while Australia has a handful of legal sports betting sites, Aussie gamblers are attracted to offshore unregulated gambling sites under the guise of better odds and better products. Executive Director of Racing Wagering Australia, Stephen Conroy was confident that this ratifying of the new racing regulations would prove fruitful for Australia’s racing industry. “Tough consequences like these for engaging with the illegal offshore industry are a positive development for the racing industry”, Conroy explained.
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Never place your bet until you read what our expert punters are saying about the match on this sports blog. We provide comprehensive coverage of various sports events, including pre-match and post-match commentary. We wager on sports markets ourselves, so we know what we are talking about. Be the first to hear about
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A new commission structure has been introduced for poker machine operators across New Zealand. While gaming industry professionals are pleased with the new plan, responsible gambling lobbyists […]
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“We note that s31 of that Act prohibits an owner or occupier of a premises from knowingly allowing the premises to be used for, or in connection with, bookmaking carried on by or on behalf of a person who is not a licensed bookmaker,” wrote Attenborough.
There was, however, a note of caution struck in Tabcorp’s statement. The damning comments made by regulatory body, AUSTRAC, earlier this year regarding the firm’s ‘lax’ compliance has meant that Tabcorp will need to tighten up its procedures if it wants to avoid falling foul again.