Crown Denies ASF Partnership

Crown Resorts has denied speculation that it’s planning to run a casino at the ASF Group’s proposed AU$3 billion (US$2.3 billion) casino resort (l.) on Australia’s Gold Coast.

“Secret” negotiations, but no deal

Australian casino giant Crown Resorts says it is not in line to operate the ASF Consortium’s planned five-story waterfront casino on the Gold Coast’s Spit, according to local media.

The consortium, led by China State Construction Engineering, had announced it was seeking a “Tier 1” casino operator and “at least one other cornerstone entity” to complete the team, the Australian reported. ASF has been negotiating with the Queensland government to develop a casino at an area called the Spit.

Last year, Crown Resorts reportedly conducted secret negotiations with ASF to build and operate the casino, but those talks apparently came to naught. A Crown spokesman said James Packer’s company had no agreement or contract in place with ASF Group or ASF Consortium.

“We’ve had talks with them but Crown has no agreement with ASF Group,” the spokesman said.

Articles by Author: Steve Karoul

Steve Karoul is a well-known and respected casino consultant. He has lived and worked in many different countries and has conducted casino marketing activities in well over a 100 different countries around the world. Karoul understands both casino operations and casino marketing.  He is also a gaming industry innovator who openly shares his ideas and thoughts with fellow casino industry executives. For additional information, Karoul can be reached at skaroul@euroasiacasino.com  or www.euroasiacasino.com.