The company reached an agreement with ASF Consortium in order to operate the US$2.2 billion project in Australia.
Australia.- Caesars Entertainment Corp. has reportedly signed an agreement with ASF Consortium to operate the upcoming US$2.2 billion facility that is set to open in Gold Coast, Australia. ASF obtained the rights to operate the facility almost four years ago.
Whilst neither of the companies have publicly discussed the details of the information revealed by The Australian, it was already in the open that Caesars was interested in the Australian facility. Earlier this month, it was revealed that there had been several big casino companies in talks with the ASF Consortium in order to participate in the project, and among them was Caesars, which has recently emerged from bankruptcy and is looking to arrive in Australia and open a Gold Coast casino as its first venue in the country.
President of International Development at Caesars Entertainment Corporation Steven Tight met with Paul Donovan, Gold Coast tourism chairman, during a trip to the city back in July.
As the development of the project has suffered multiple delays in the past, it was also rumoured that the government could reopen the bid to operate the facility, but Queensland Premier Annastacia Palaszczuk commented that she doesn’t want Gold Coast to become a casino city, and explained that the city can only license one casino operation, a privilege already granted to a Chinese-backed group of investors.