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Packers Back the Tweed Casino as NSW Government Changes Their Stance on the Casino Deal

On April 2, 2007, leading gambling institutions are lining up for Tweed after the location was put in the shortlist of one of the possible locations for a casino license in the NSW.

The Government of the NSW has previously said to local voters that a business deal will not be discussed with gambling companies, but the government has changed their mind and agreed to talk with gaming companies with gambling legislation.

The statement made by Premier Morris Iemma after winning the election, gambling power-brokers representing Tabcorp and James Packer's Publishing and Broadcasting Ltd. (PBL) began talking with the brand new Gaming and Racing Minister, Graham West.

Previously, the NSW had allowed only a single casino license for the Sydney Star City, which is held by almost a decade old agreement from Tabcorp from the year 1994. But with the recent speculations surrounding the issue, it has already increased with a 12 year exclusivity period that will end in September. Mr. Packer is pushing to get a change on the existing license casino structure.

The PBL wants to modify the legislation with the aim of building a regional entertainment casino, which will be in Tweed, Hunter Valley and Wollongong. There might be a second option of a second license in Sydney.

These 3 locations were first mentioned in the 1996 NSW Government list, all as good locations for a second casino outside the city of Sydney. Lobbying for the casinos has continued even with the assurance by Iemma to the residents in Tweed Heads during his visit before the election that he will not allow a casino to be constructed in the area.

Tabcorp wants to make sure that the State Government will keep their word. But if the law is changed, Tabcorp wants to be considered in competition with their rivals. With the growing entertainment industry in Tweed, the entertainment and economic growth will lure tourists to the Gold Coasts.

Rob Smith, the pair of Tweed Clubs Supremo and the Twin Towns head, has criticized any plans to construct a casino in Tweed and described the situation as a devastating blow to their economy.

A gambling casino in the area will also lure away customers from other entertainment establishments. Adding to the problem are the suggestions that the PBL could make a move to takeover Tabcorp, which is currently in the middle of finalizing their $250 million remodeling of their old Star City casino complex.

 

Sunday, April 15 , 2007
Victor Copeland