Australian Casino operator buys a resort hotel in Gold Coast

In Australia, The Star Entertainment Group Limited announced that in partnership with Hong Kong Chow Tai Fook Enterprises Limited and Far East Consortium International Limited acquired 295-bedroom resort Hotel Sheraton Grand Mirage Resort Gold Coast.

"The Sheraton Grand Mirage Resort Gold Coast perfectly adapted for tourism. This is the only five-star resort on the Gold Coast," I read out in my statement Matt Bekier, Manager and Chief Executive: Star Entertainment Group Limited in Brisbane. "This is a very valuable asset, we will do our best to increase its attractiveness in the long run, always keeping the unique natural environment and keeping the primordial appearance of this unique area."

Star Entertainment Group Limited is already working in the new South Wales. The Star Sydney has a casino and a hotel in Brisbane, while currently spends around $ 265 million to fully renovate and expand the resort of Jupiters Hotel and Casino Gold Coast, which is located five miles south of Sheraton Grand Mirage Resort Gold Coast.

Star Entertainment Group Limited hopes until 2022. Open for $ 2.3 billion Integrated Casino Resort in the Brisbane Business Area, giving the players to play in Slot machines, roulette or poker after working day, hold conferences, corporate parties. While The Star Sydney should start hosting guests in a new six-star hotel, managed by Ritz-Carlton Hotel Company at the end of 2020.

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