Open & Closed

IRIS PLANS $100M DEVELOPMENT TO CREATE ‘INLAND CAPITAL’

Sam Arnaout’s Iris Capital has announced plans for a massive $100 million redevelopment of its newly-secured Lasseters Hotel Casino. Iris settled last week on the $105 million April acquisition, formerly known as the Diamond Springs Casino, which opened in 1981, and wasted no time looking to upgrade on its opportunity. “We are well advanced in

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BRIBIE ISLAND ‘NEXT CHAPTER’ UNDER CONSTRUCTION: AVC

Australian Venue Co continues its major capex program into its Queensland pubs with transformation of the much-loved Bribie Island Hotel. A $2.2million renovation has begun, embracing “the island holiday life” through creation of a modern, coastal venue and entertainment hub targeting both locals and tourists. Bribie Island is a 90-minute drive from Brisbane, and accessible

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SORRENTO’S CONTI TO REOPEN AFTER MASSIVE RENO

Following its sale last year and a monumental $100 million renovation, Sorento’s exquisite Hotel Continental will return this year, with operations by publican Craig Shearer and team. Opened in 1875, the Hotel Continental is a heritage-listed landmark of the Mornington Peninsula, created by doyen of Australian theatre, entrepreneur George Coppin. After a series of stymied

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