{"id":987,"date":"2021-10-27T01:03:53","date_gmt":"2021-10-26T14:03:53","guid":{"rendered":"https:\/\/uberpokies.org\/?p=987"},"modified":"2021-10-27T19:09:33","modified_gmt":"2021-10-27T08:09:33","slug":"australian-group-ploughs-resources-into-lasseters-revival","status":"publish","type":"post","link":"https:\/\/uberpokies.org\/australian-group-ploughs-resources-into-lasseters-revival\/","title":{"rendered":"Australian group ploughs resources into Lasseters revival"},"content":{"rendered":"
Iris Capita, an Australian hospitality and development firm has pledged over $100 million to upgrade Lasseters Hotel Casino after it acquired the property this October.<\/p>\n
Lasseters is situated in the remote town of Alice Springs and was previously owned by Singapore\u2019s Lasseters International Holdings prior to the property’s sale to Iris Capital in April. The site exchanged hands for $105 million, a deal which was finalised this October after the new owner secured regulatory approval<\/a> to operate the casino.<\/p>\n Iris Capital\u2019s CEO, Sam Arnaout, stated that the company is in the process of doubling its investment through upgrading the existing infrastructure and adding a new hotel.<\/p>\n \u201cWe are well advanced in discussions with the Northern Territory Government in relation to recapitalising the asset. Our master plan for Lasseters incorporates a new hotel offering within a fully integrated resort and includes a repositioned casino floor with significantly expanded food and beverage offerings,”<\/em> he said.<\/p>\n