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Tabcorp
Casinos Hit Political Jackpot In QLD, by Greg Tingle
- 11th December 2010
Punters,
casino and gambling millionaires, billionaires, insiders,
outsiders, politicians, journalists and everyone else.
Think Australia's land cased casino and hotel growth
is over yet? Think again. Gaming powerhouse Tabcorp
has hit the jackpot in the banana bender state of
Queensland, in Australia's north east, with at least
three massive casino and hotel renovations booked.
What's the secret? Some strong political will by the
Queensland state government it would appear, and maybe
just a dash of lady luck. Media Man reports on the
good fortune that Tabcorp is enjoying in The Sunshine
State...
Tabcorp
To Upgrade 3 Land Based Casinos In Queensland With
$625 Million Investment...
A
massive $625 million bet will be taken by Tabcorp
on Queensland's tourism industry with huge renovations
to at least 3 of the state's land based casinos.
The
upgrade will involved new flashy five-star hotels,
world class restaurants and much improved gaming -
gambling facilities will be added to casinos in Brisbane,
the Gold Coast and north most Townsville.
The
Queensland Bligh Government has not announced it has
reached an agreement with Tabcorp and the pub arm
to permit an additional 500 pokies into the 2 southeast
Queensland casinos.
The
total number of pokies allowed in Queensland will
not actually increase, as they will be transferred
from the lot earmarked to hotels.
In
a trade off of sorts, hotels have achieved numerous
tax concessions out of the Government for the loss
of poker machines from their allocation.
Premier
Anna Bligh advised the investment was a sign of confidence
in the state's tourism industry.
"This
major redevelopment is a great leap forward for our
tourism industry, providing yet another drawcard to
our cities while boosting jobs in the construction
and gaming industries. Tabcorp's proposal is timely,
particularly for the Gold Coast, coinciding with the
Government's bid for the 2018 Commonwealth Games."
Tabcorp
would commence construction on the Gold Coast and
in Townsville next year, Tabcorp spokeswoman Michelle
Pillonel shared.
It
is planning a 400-room, five-star hotel on the traditional
State Library land at 1159 William St.
It's
named as being Brisbane's first new hotel in a decade.
A walkway would connect up the hotel with the casino.
We've
learned that the exact time frame for construction
is currently not known as Tabcorp are yet to apply
for planning approvals and will be required to consult
over the heritage character statue of the prime positioned
site.
The
hotel will also get the sort of things a casino whale
VIP might like such as a spa, nightspot, ballroom,
four restaurants and all of Treasury Casino's VIP
gaming facilities. Should keep the whales happy we
think.
Pillonel
advised the Brisbane revamp was aimed at luring Asian
high rollers aka "whales" from state-of-the-art
gaming facilities in Singapore and Macau.
"This
will be of that kind of standard. With the property
in Brisbane in particular, we're looking at really
competing on the international stage," she said.
Treasury
will also add to the pool of high-end hotel rooms
in Brisbane city, of which there are a "critical
shortage", Pillonel advised.
Swinging
down to the water, the $350 million upgrade of Jupiters
on the Gold Coast also includes a new five-star hotel,
with approximately 200 rooms.
The
site will get 8 new restaurants and bars, a nightclub,
spa and pool, beachfront club, a bigger main ballroom
and main gaming floor, plus new VIP gambling area.
Another
$15 million bucks will be spent on an upgrade of Townsville's
casino.
Even
though Tabcorp secured 50% the number of extra machines
it had wanted, its $625 million injection equals the
budget outlined.
Treasurer
Andrew Fraser said "No increase in poker machine
numbers, new attractions and accommodation for tourism,
and a massive investment to stimulate employment,
is a win-win-win for Queensland."
We
tend to agree, and it will be interesting to see the
impact the QLD activity has on the Australian casino
wars.
Jupiters Hotel and Casino On Gold Coast To Get 500
More One Armed Bandits...
Tabcorp
has upped its investment in the redevelopment of Jupiters
Hotel and Casino to $350 million after the State Government
approved 500 more pokie licences for the company.
Tabcorp
announced in October that it would only proceed with
half...roughly $175 million...of its overall vision
for Jupiters and nothing would be done at its other
casinos in Queensland unless an agreement was reached
on slot numbers.
But
the State Government announced it had done a deal
with Tabcorp for an extra 500 machines...paving the
way for a major redevelopment of 3 of the giant's
casinos.
In
work scheduled to start early next year, Tabcorp was
already building eight new restaurants and bars at
its Gold Coast property, expanding and improve the
gaming area and constructing a nightclub and luxury
spa.
But
get this... it will now also add a 5-star, 200 room
hotel as well.
The
redevelopment work is expected to be finished in roughly
2015.
As
part of a total investment of $625 million state-wide,
the gambling giant will also built a five-star hotel
at Treasury Casino in Brisbane and upgrade the gaming
areas and existing hotel rooms.
The
Jupiters Hotel at Townsville is also being refurbished
and will get 8 new restaurants and bars.
Premier
Anna Bligh welcomed Tabcorp's investment yesterday
and said it was a sign of confidence in the state's
tourism industry.
Townsville Casino To Get Massive Revamp; Tabcorp Widens
Net For Whales...
Townsville
will be on the radar of high-rollers aka "whales"
from Asia as the catch will be delivered into the
city by private jet as part of a $40 million revamp
of Jupiters Casino.
Tabcorp's
investment in the region will double the size of the
casino ballroom to an impressive 1000 seats and will
lift the hotel venue from a glamorous four-and-a-half
stars to a perfect 5.
The
development, which will inject $15 million for a start
into the region out of a projected $40 million bucks
over the next 2 years, would see hotel suites upgraded
and brand spanking new, state-of-the-art gaming facilities
at the aging Townsville casino.
The
upgrade will capitalise nicely on the city's showcase
events by providing top-end entertainment, hotel and
conference facilities and more.
The
refurbishment is part of a $625 million investment
by Tabcorp shared between its Brisbane, Gold Coast
and Townsville casinos.
The
move is expected to create a much needed 1400 new
jobs in the long-term.
More
than 3000 workers will be employed during the initial
construction phase.
The
firm has also allocated up to $1 million bucks purchase
a number of new private jets, designed to bring the
city closer (in time) to the lucrative Asian gambling
market.
Premier
Anna Bligh said Tabcorp's investment was a sign of
confidence in the state's tourism industry.
Townsville
MP Mandy Johnstone said the upgrade of the land based
casino in the city would increase the space available
for major events in the region.
"This
is a significant refurbishment and it's great news
for our tourism industry. But it's also great news
for local tradies and builders and suppliers who will
be part of this redevelopment."
Around
500 fruit machines would be allocated to be shared
across the 3 casinos, sourced from existing, unallocated
machine licences.
Gaming
Minister Peter Lawlor said the pokies would be reallocated
from within the current cap and wouldn't increase
the overall number of poker machines in the state.
"Tabcorp
has undertaken to install pre-commitment technology
in its gaming machines, which helps to address problems
associated with gambling," he said.
Treasurer
Andrew Fraser said the proposal involved no net increase
in poker machines in the state.
The
developments are assured to increase investment and
create plenty more jobs.
"About
3000 construction jobs will be created over the life
of the project, and once fully established, the project
will create demand for 1,400 jobs. No increase in
poker machines, new attractions and accommodation
for tourism, and a massive investment to stimulate
employment, is a 'win-win-win' for Queensland."
Wrap
Up...
Readers...
er, punters, how did you like our report? Tell us
in the forum.
If
you have a bet, please bet with your head, not over
it, and for God's sake, have fun.
*Greg
Tingle is a special contributor for Gambling911
*Media
Man is primarily a media, publicity and internet portal
development company. They cover a dozen industry sectors
including gaming and offer political commentary and
analysis.
Profile
Conrad
Jupiters is a casino and hotel complex in the suburb
of Broadbeach on the Gold Coast in Queensland, Australia.
It has recently undergone renovations to the tune
of $85 million. The two gaming floors are now one
and the size is just over double of what it was. Level
Two is now the brand new Gold Club room. The Hotel
Front Office, Lobby Bar and all rooms have just finished
with renovations. It is connected to the Oasis Shopping
Centre via a monorail.
Jupiters
Casino is a non-stop hub of excitement and action,
operating around the clock, seven days a week. You'll
find more than 70 table games and more than 1,300
gaming machines, spread over two electrifying levels.
Try your luck with Jupiters Keno or have a flutter
in our casino T.A.B.
Customers
who are 18 years or over are more than welcome in
the world famous Jupiters Casino.
Jupiters
Casino provides 'smoking free' gaming areas.
Conrad
Jupiters offers a number of gambling games:
* Blackjack - Typically from $5 minimums to $25 minimums.
6 Deck, DAS, Split once.
* Conrad 21, a variant of Spanish 21 - Typically $5
minimums to $25 minimums.
* Mini-Baccarat - Typically $10 minimum.
* Big Six wheel - Minimum bets of $10 on even money,
and $5 on other bets.
* Caribbean Stud Poker
* Roulette
* Texas Hold'em Poker
* Craps - Minimum line bet $5
For
more information, please contact Customer Service
Toll
Free: 1800 074 888 (Australia Only)
Telephone: +61 7 5592 8282
Facsimile: +61 7 5592 8771
Email: cjcustserv@conrad.com.au
Website
Conrad
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