Monday 19. December, 2016

ASF Consortia in Talks with Crown Resorts for Southport Spit Casino Resort

Chinese-owned ASF Consortia has released the latest artists impressions of the casino and integrated resort they are planning for Southport Spit, the five-hectare site south of Sea World on the Gold Coast. At the same time, they have announced they are in serious discussions with James Packer’s Crown Resorts to operate the casino.

The Queensland government granted approval to ASF Consortia in 2015 to put forward a proposal for the new casino and resort. The latest artist impressions show three, five and six star hotels, restaurants, theatres, a 1,200-seat Broadwater amphitheatre, a retail area, beaches, public boat moorings and public access to the Broadwater pedestrian walkway.

According to ASF director, Louis Chien, the development would invest $3 billion into the Gold Coast, with around 10,000 jobs being created and more than 1.5 million additional tourists expected to be attracted to the area each year.

Chien emphasised that no decisions have been finalised, but did admit that it looked likely that Crown would be chosen to operate the resort’s casino.

“If you are privy to some of the market reports they have seen and we have seen, it says there is potential,” stated Chien.

“They are a well-known Australian business, they have done well in this space and if there is potential and there is a market in growth and tourism then they are fully interested in operating in Queensland.”

“They are backing out of Vegas and cutting back on Crown stakeholdings to focus more on Australian business and opportunities here so read into that how you want.”

ASF is currently waiting on greater clarity from the Queensland government and stated they will officially announce their chosen operator for the casino once that is achieved.

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