The colourful Station Hotel and Motel of Kurri Kurri is being sold by the Roche family, offering an entry level title in the Hunter Valley. The Station holds some history in the region. Designed by acclaimed Maitland architect James Warren Scobie, it first opened in 1904. Four decades later it was bought by infamous crime […]
Aristocrat has released the latest in its new range of legends for hotel customers and players: 5-Star Legends. The global gaming company bodes operators get ready for “the ultimate” five-of-a-kind gaming experience with Grand Legends, being launched on its latest MarsX cabinet. Grand Legends was Aristocrat’s centre stage product at the recent Australasian Gaming Expo.
Global investment giant KKR has formalised an agreement with alternative investment firm PAG for purchase of its controlling share in Australian Venue Co (AVC) in a billion-dollar-plus deal. Today’s announcement finalises a process that began nearly a year ago with a strategic review of the group’s market value. Although terms of the transaction were not
Mere days after the announcement Redcape was divesting two of its collection in north Queensland, a sale has already been confirmed on one, Mackay’s The Grove. Last week the high-profile group listed The Shamrock and The Grove hotels in Mackay, with anticipated collective sale price of more than $50 million. It’s understood it is looking
Endeavour’s ALH Group has been ordered to pay more than half a million dollars in penalties over “serious” breaches of Victoria’s pre-commitment scheme. Prompted by an anonymous tip-off, the Victorian Gambling and Casino Control Commission (VGCCC) carried out an inspection ‘blitz’ of ALH venues across Victoria. This resulted in 220 non-compliant gaming machines being identified and
Billionaire pub baron Bruce Mathieson is looking to bolster his stake in the casino sector, applying to the regulator to increase his already substantial holding in the troubled Star Entertainment. Principle investor in Endeavour, keeper of the country’s largest pub group and operator of EGMs, Australian Leisure & Hospitality (ALH), Mathieson is said to have
Classic Queensland-style country pub the Station Hotel in the Fraser Coast region is being offered to market for the first time in more than four decades. The Station is in Tiaro, approximately 250 kilometres north of Brisbane, just south of the regional hub of Maryborough, which is seeing economic growth and residential development. Known by
Quantaco has released its Industry Insights report for FY23, offering analysis and key metrics for the industry across sales, gaming, and wages. Comparing benchmarks of FY22 with FY23, the report offers an overview of key hospitality trends, including a review of sales trends, valuations and yields, insurance and risk – particularly ISR and liability insurance,
An up-and-coming developer has bought Sydney’s famous The Republic, prompting speculation the pub may see redevelopment. The trophy hotel has reportedly sold for around $40 million to diversified property group Virtical, which it’s said is seeking to capitalise on its strong underlying attributes, including its CBD core location. Led by MD Mark Toma, Virtical described
A man has been charged with murder after allegedly stabbing another man within minutes of arriving at a Gold Coast pub. According to police, a 26-year-old man and 30-year-old woman, believed to be his girlfriend, arrived at McGuire’s RQ’s Tavern at Robina on Thursday night and proceeded straight to the smoking area, where arguments commenced
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