The strategy presented to hoteliers and clubs says the bookmaker will set aside $50 million for betting inducements and $80 million to overhaul its terminals.
The billionaire Mathieson family and its business partners at American casino giant Bally’s converted loans into shares, leaving them in a dominant position.
Chief executive Steve McCann said the casino was losing high-spending customers who are not criminals because of probity checks that they feel are intrusive.
In a wide-ranging interview, the billionaire businessman also takes aim at the NSW casino regulator, saying it is a “one of the miracles of life” he has a job.
Under the deal to offload the prime property to the billionaire dynasty, guests at the Blackstone-owned casino group will still be able to access the course.
A deadline for the blow-up of a deal with the casino operator’s Hong Kong investors is approaching. Bally’s chairman Soo Kim has a clear view on what should happen next.
The gaming group’s CEO, Matt Wilson, discusses its strategy, what businesses it might acquire, and how they are managing the Trump-led trade volatility.