Desert Casino Redevelopment Plans Proposed by Iris Capital worth $100m

Iris Capital finally started plans for a huge $100-million expansion as well as redevelopment of Alice Springs’ breathtaking Lasseters Hotel Casino below the rocky MacDonnell Ranges. This new amazing hotel, which is supposed to be delivered in different stages, is predicted to complement The Aboriginal art galleries. Alice Springs is a very well-known name and also plans to add a second offering for accommodation along the casino's already present 4.5-star, a 205-key hotel which is operated by the IHG Hotels&Resorts. 235 guest rooms are also proposed in buildings as high as up to five stories. There are further plans to add another residential area to the casino, which was built in the year 1981 and is also one of Alice Spring's largest employers. The casino is named after a famous gold deposit in a very remote as well as the desolate region of central Australia, which was also discovered by Harold Bell Lasseter in the years 1929 and 1930. Although his accounts of this find are somewhat conflicting, as is the exact location. However, it remains popular for being the place of shooting for the 1994 Australian hit movie named " The Adventures of Priscilla, Queen of the Desert ". The movie was about a traveling drag act that featured Hugo Weaving, Guy Pearce, and Terence Stamp. All of them performed a nightclub act at the casino. In April 2021, Sydney-based Iris Capital then purchased a property for a whopping $105 million from Singapore’s Lasseters International Holdings. It was done only after the Northern Territory government officially approved their application to operate the casino. However, their current 4.5-star casino is the point of great fun in Alice Springs having restaurants, bars, theatres, cafes, clubs, spas, and many more facilities, all this with an international standard casino.