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Rich lister Chris Morris paid $70 million to buy a Townsville casino that he says is the worst-performing casino in Australia. Why?


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townsville casino owner

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TOWNSVILLE'S casino will be sold to a hotel and brewing group linked to entrepreneur Chris Morris, the gaming venue's owner Echo.


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townsville casino owner

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The owner of Townsville's 'The Ville-Resort-Casino', Chris Morris, has reportedly purchased the landmark development site opposite from his.


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The owner of Townsville's 'The Ville-Resort-Casino', Chris Morris, has reportedly purchased the landmark development site opposite from his.


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townsville casino owner

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JK644W564
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Rich lister Chris Morris paid $70 million to buy a Townsville casino that he says is the worst-performing casino in Australia. Why?


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townsville casino owner

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JK644W564
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The owner of Townsville's 'The Ville-Resort-Casino', Chris Morris, has reportedly purchased the landmark development site opposite from his.


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and subsequent $70 million purchase of the Townsville casino last year, the founder of Computershare and owner of Colonial Leisure Group.


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JK644W564
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and subsequent $70 million purchase of the Townsville casino last year, the founder of Computershare and owner of Colonial Leisure Group.


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How much Townsville casino owner is worth. THE Ville Resort-Casino owner.


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JK644W564
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The owner of Townsville's 'The Ville-Resort-Casino', Chris Morris, has reportedly purchased the landmark development site opposite from his.


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townsville casino owner

Liam Walsh , CourierMail.

It represents a sale multiple of 10 times raw earnings in fiscal Echo again said they sold it because they saw limited expansion opportunities in Townsville and thought their capital would be better spent on expanding operations at their current Gold Coast and Brisbane casinos. X No thanks, continue reading article.

A new buyer would need to do something meaningful to change the appeal, he said, such as a more upscale hotel, restaurants or gaming. Sign me up Signed Up View more Newsletters. My Account Logout. Gold Coast is understood to account for a large chunk of earnings. QLD Business. But trends have been tough. But the sale's reasons were flagged in November by its chief executive John Redmond, who said then "the size and breadth of appeal of the Townsville market means more limited opportunity for the creation of a large-scale integrated resort". Aquis, however, said they had no interest in Townsville casino. Change my location. Townsville did not have substantial food and beverage earnings, nor VIP gaming, plus it was known as attracting "the grind market" where people bet in smaller sums, he said. Sorry we couldn't find a match for that, please try again. The table, gaming machine casino, Jupiter's Townsville, is owned by Echo Entertainment. Personalise your weather. The potential buyer was also rumoured to be a domestic entity with an understanding of high-end tourism but not any existing casino operation. Earlier, we reported that a new player in the local casino market could emerge as owner of Townsville's gaming venue next week, although one expert warns buyers will be taking a risk with the gambling facility.