monopolize casino operations<\/a><\/em><\/strong> on the Gold Coast. The company wants an exclusivity arrangement of a 30-year deal with the Queensland government and pretends to invest AU$2 billion.<\/p>\n\n\n\nStar Entertainment Group operates The Star Gold Coast and doesn\u2019t want the development of another casino. The master plan includes a major expansion of its existing property plus a recently announced AU$100 million redevelopment of the ageing Gold Coast Convention and Exhibition Centre.<\/p>\n\n\n\n
\u201cWe have decided we will approach Star to exclusively deal with them so they can provide detail of their offer. The government will examine this offer and make a decision,\u201d Queensland Tourism Minister Kate Jones Jones said in November. <\/p>\n\n\n\n
After some meetings between local authorities and members of Star Group, Chairman John O\u2019Neill reinforced the insistence of its investment and the idea that the city is too small for two casinos. <\/p>\n\n\n\n
\u201cOur commitment to Queensland and the Gold Coast is well documented. The Government, however, continues to speculate about a second casino on the Gold Coast\u201d, he said.<\/p>\n\n\n\n
\u201cThe Star\u2019s position has always been: we support investment in tourism assets on the Gold Coast, but the Gold Coast market is too small for two casinos. The introduction of another local casino competitor would force us to defend our local market share at the expense of driving incremental interstate and international tourism\u201d, he added.
<\/p>\n","protected":false},"excerpt":{"rendered":"
The company wants an exclusivity arrangement of a 30-year deal with the Queensland government and pretends to invest AU$2 billion.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Star Entertainment Group is pursuing a 30-year exclusive licensing arrangement with the Queensland government for casino operations on the Gold Coast, proposing a AU$2 billion investment for property expansion. This strategic move aims to prevent the introduction of a second casino, with the government currently evaluating the offer.","focusai_entities":"Star Entertainment Group, Queensland Government, Kate Jones, John O\u2019Neill","focusai_location":"Australia, Queensland, Gold Coast","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Exclusivity Deal Impact?","query":"What are the potential anti-competitive implications and long-term market effects of granting Star Entertainment Group a 30-year exclusive casino license on the Gold Coast, considering the stated market size?"},{"label":"Investment ROI Analysis?","query":"How does the proposed AU$2 billion capital expenditure align with Star Entertainment Group's long-term capital allocation strategy, and what is the projected return on investment given the market's GGR potential?"}],"footnotes":""},"categories":[160,16336,28],"tags":[289,29,292,1295],"class_list":["post-1669","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-australasia-news","category-casino-news","tag-australia","tag-casino","tag-investors","tag-star-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=1669"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1669\/revisions"}],"predecessor-version":[{"id":22113,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1669\/revisions\/22113"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}