I am happy to hold this stock over July election because of the work law proposal to ban Sunday penalty rate.
Star and Crown pay a lot of taxes to government and they operate 24/24 hrs So the proposal should be a shot in the arm to reduce its employees wages.
It's also another reason of lower AUD which will for sure attract more tourists.
Australia CPI is a little bit under pressure but consumers confidence is at all time high which will also boost attendance rates to give punters more time to bet bigger until they run out of coins.
Star Entertainment reveals seven-tower, multi billion-dollar plan for Jupiter’s site on Broadbeach Island
May 17, 2016 8:32am
Kathleen
[email protected] Coast Bulletin
An artist’s impression of the hotel and residential tower planned for Star Entertainment’s Broadbeach Island, currently known as Jupiters.
EVER wanted to live in a casino? The Star Entertainment Group hopes to pre-sell its first residential apartments on its Broadbeach island by the end of this year as part of a multi-billion-dollar master plan under which the development will be bigger than Brisbane’s giant Queen’s Wharf.
The island, which has its own state-level planning legislation, would eventually host seven towers if approved, with the application for the first – an $850 million, 200m hotel and residential building – already submitted.
An artist’simpression of the Star Entertainment Group proposal.
Developments on Broadbeach Island do not require council approval and have already been welcomed by Premier Annastacia Palaszczuk, who announced the plan with Treasurer Curtis Pitt, Tourism Minister Kate Jones and Star CEO Matt Bekier on the Gold Coast yesterday.
“Stage one of the proposed redevelopment is undergoing formal approval process,” the Premier said.
“The Star Entertainment Group is working closely with my Government.”
An artist’simpression of the Star Entertainment Group proposal.
Star Queensland managing director Geoff Hogg said the first of the new towers, if approved, would have 700 keys, with about 300 for hotel rooms and the rest for residential.
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The hotel component will be a four-and-a-half-star offering, with a similar market in mind for the residential apartments.
Its construction could begin by next year and be completed by 2019.
