Most of the revenue for a proposed casino on the Glitter Strip in the city of Gold Coast, Australia would come from residents of that city and nearby Brisbane, per an internal report given recently to the Gold Coast city council and confirmed by a similar report prepared by Clubs Queensland, the Gold Coast Bulletin reported last week.
Residents of those two cities are expected to spend as much as $100 per visit at the proposed casino resort. Non-ethnic local residents would make an average of eight visits per capita to such a casino, compared to 40 visits a year by local Asian residents. The non-ethnic residents would spend $77 per visit, compared to $115 for ethnic patrons, according to the report.
The Gold Coast integrated resort has been proposed for the city and would include a casino with about 1,000 slots, a waterfront piazza, several five- and six-star hotels, restaurants, theaters and conference centers. It would be built
The report to the city council showed that forecasts for such a casino would be comparable to the $429 million – $462 million spent on gaming in the Australian cities of Perth, Australia and Auckland, New Zealand. However, the report concluded that local residents would play a much larger part in the makeup of patrons than it does in those two cities.
The Bulletin quoted from the report: “We assumed 7 percent of domestic overnight visitors will be from Asian ethnicity. Casino spend was assumed to be $110 per visit for non-ethnic casinos visitors and $250 for ethnic casino visitors.”
Statistics show that 85 percent of patrons at Australian casinos are local residents, or from the same state.
The report for Clubs Queensland was prepared by Synergies Economic Consulting.
