ARTICLE · 18 OCTOBER 2010

Star City - an Asian hub for high-rollers?

Clayton Utz

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Tabcorp Holdings Limited has announced further investment into Star City Casino. In a move that will add an additional $285 million investment into the casino's redevelopment (taking total capital expenditure to $860 million), Tabcorp's plan is to reinvent the casino as a new Asian hub for high-rollers.

AustraliaStrategy

Tony Rein

Andrew Clarke (Formerly With Clayton Utz)

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Key Points:

An additional $285m investment in Star City Casino is intended to turn it into a new Asian hub for high-rollers.

Tabcorp Holdings Limited has announced further investment into Star City Casino. In a move that will add an additional $285 million investment into the casino's redevelopment (taking total capital expenditure to $860 million), Tabcorp's plan is to reinvent the casino as a new Asian hub for high-rollers.

The further $285 million is planned to be invested in:

a 400 seat multi-purpose entertainment venue aimed at hosting international acts and conferences;
luxury hotel suites, private residences, expanded private gaming room facilities and the purchase of private aircraft - a move aimed at attracting international VIPs to Sydney; and

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