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In order to focus on its Brisbane and Gold Coast operations, casino empire Echo Entertainment Group Ltd. will be selling off its Townsville Casino in north Queensland – for an estimated $70 million – to the privately-owned Colonial Leisure Group.
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As well as plans to improve the already popular Crown Casino, Melbourne, Packer is fighting for the right to build a new casino on the Queen’s Wharf site in Brisbane. If he can secure the plot he plans to create one of Australia’s largest gambling and entertainment venues. However, regardless of whether Packer wins or not, it’s highly likely Brisbane residents will be able to enjoy a new casino in 2015 (or at least be one step closer to it). Bidding against Packer is Echo Entertainment and if the company gets its way it will add yet another casino complex to its Queensland portfolio.
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