Forbes – Already investing billions in the housing market down under, China’s real estate developers are preparing to go head to head with Australia’s home-grown gaming giants, including a company run by its richest man, to build casinos in the heart of one of the country’s largest cities.
The winner of the bidding process will get the chance to develop a six-star multi-billion dollar casino project at Queen’s Wharf in Brisbane, the largest city in Queensland state, and the right to profit from the boom in Chinese visitors and their love for gambling.
Shanghai government-backed developer Greenland Group, which already has several housing projects in Sydney and Melbourne, as well as a joint proposal involving the billionaire boss of Hong Kong’s New World Development, are among four bidders shortlisted to secure the potentially lucrative casino deal in the northern Australian state.
Queensland: 19 companies interested in casino licenses Reuters - Australia's Queensland government reported strong interest on Wednesday from both local and foreign bidders for its plan to build as many as three casino resorts, underscoring the northern state's position as the country's next gaming frontier.
Australia is looking to build […]
Hong Kong provides huge market for illegal betting websites South China Morning Post - Hong Kong's multibillion-dollar illegal gambling habit has been built on sports betting but increasingly sophisticated online bookmakers - operating from servers around the region - are now offering punters a dizzying array of betting options.
Australian Regulators “Wash Hands” on Online Gambling Apps Australia’s main online gambling licensing body has effectively washed its hands of the controversy over its licensees’ efforts to circumvent the nationwide ban on online in-play wagering.
Australia’s Interactive Gambling Act 2001 restricts in-play wagering to telephone or in-person […]