Its an 8.5 Billion Dollar Hotel in a pristine location with a major Geographic Advantage...it will absorb the majority of the chinese gaming tourism market coming to australia...it will be first stop on their itinerary and first opportunity to lose money in Australia.
Why would you fly to Melbourne to gamble in Australia's largest(ugliest?) building...Melbourne (& perth) offers little attraction to the chinese tourist and is geographically disadvantaged.
Tony Fung and Aquis have just bought Sheraton Mirage Gold Coast last month and have stated they want to redevelop it with a Casino. That will force EGP to upgrade Jupiters which is a good thing.
No question that Tony Fung has a big vision for Australia...
Hong Kong tycoon Tony Fung plans to turn Sheraton Mirage into casino resort
http://www.couriermail.com.au/busin...to-casino-resort/story-fnihsps3-1227337726923
Brisbane Casino Announcement, page-37
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