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Since mid, Chris' company Morris Group, which acquired Townsville's aging elephant of a casino-hotel for $70 million, has been.
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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 Ville Resort-Casino owner Chris Morris is up there with some of the richest people in Australia. We reveal what he is worth.
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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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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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A new buyer would need to do something meaningful to change the appeal, he said, such as a more upscale hotel, restaurants or gaming. Personalise your weather. 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. QLD Business. The table, gaming machine casino, Jupiter's Townsville, is owned by Echo Entertainment. Gold Coast is understood to account for a large chunk of earnings. Aquis, however, said they had no interest in Townsville casino. But trends have been tough. Liam Walsh , CourierMail. 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. Change my location. Sign me up Signed Up View more Newsletters. 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".
It townsville casino owner 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.
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My Account Logout. The potential buyer was also rumoured to be a domestic entity with an understanding of high-end tourism but not any existing casino operation.