Australia's largest privately-owned property and hospitality group, Iris Capital, will invest at least $100 million in the refurbishment of the iconic Lasseters Hotel and Casino.The refurbishment will create an extra 200 roomsThe group bought the Alice Springs property, made famous in the 1994 film Priscilla, Queen of the Desert this month for $105 million with the intention to build a new hotel, upgrade the convention centre and create a residential living space.
"It's a phenomenal amount of money and fantastic for Central Australia and the tourism offering that we will have in 24 months time," he said."A lot more gaming offerings have arrived [on] day one, and it's all newer technology. Mr Jervis said most of the investment would be used on upgrading the facilities and not the gambling area.
$100m to tart up a crap casino? That's a hell of a lot of money. More poker machines of course. They'll have a return profit within two years? Imagine what could be done within a struggling community with $100m?
LinksonBill .. expanding the ‘casino’ floor to bung more pokies in ? … was a top spot back in the day - Friday nights at Limericks were legendary
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