Townsville Casino Sold to CLG
Echo Entertainment has sold the Jupiters casino in Townsville to the private Colonial Leisure Group for $70 million.
Colonial Leisure, linked to entrepreneur Chris Morris, has interests in Queensland as well as 15 hotels in Victoria and Western Australia and a brewery at Margaret River in WA.
CEO John Redmond said Echo was committed to further investment in south-east Queensland where the company is planning to develop Jupiters Gold Coast and the Treasury in Brisbane into integrated casino-resorts.
Colonial Leisure Group bought the luxury Orpheus Island on the Great Barrier Reef in 2011. It also owns Daintree Eco Lodge and Nautilus Aviation, a helicopter business between Townsville and Cairns.
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