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CHRIS MORRIS CASINO

4/15/2022/ Comments off
 1. Chris Morris Christopher Morris Band
 2. Chris Morris Casino Atlantic City

He’s the tech entrepreneur who 40 years ago founded Australia’s most successful
tech company ever, made an absolute fortune and bought a tropical island off
North Queensland’s coast which sparked a spate of acquisitions. With
redevelopments underway at his spa retreat in the Daintree Rainforest, his
outback cattle station west of Cairns, and The Ville Resort—Casino in
Townsville, Chris Morris’ tourism empire in sunny NQ is almost complete.

Sitting in an ocean-view boardroom at The Ville Resort–Casino, talking about
property’s newest outlet, The Quarterdeck, Melbourne businessman Chris Morris
points out the window towards Magnetic Island and says simply, “that view is
magic”. Finally, The Ville’s facing the water.

July 16, 2015 6:30am RICH-lister Chris Morris owns a casino, an island, a cattle
station and a helicopter company, and now he has splashed his money into a $40
million water park. The Creek Nation, operator of the River Spirit Casino
Resort, is among tribes that prohibit visitors from carrying firearms in the
casino. Pittsburg County Sheriff Chris Morris.

Since mid-2015, Chris’ company Morris Group, which acquired Townsville’s aging
elephant of a casino-hotel for $70 million, has been redeveloping the property
into a total entertainment destination. Stage 1 will be completed in the coming
weeks, with a bill circa-$42 million. (Contractor Hutchinson’s Builders has used
84% local contractors on the project.) At the same time, Chris and Morris Group
are completing upgrades to their other properties within their Northern Escape
Collection including a refresh at Daintree Eco Lodge and a new-build resort at
Mt Mulligan Station west of Cairns. Adding to these, Chris owns Orpheus Island
Lodge and its northern neighbour Pelorus Island (purchased in 2017), giving him
the trifecta in Australian tourism – reef, rainforest and outback.

It was never Chris’ intention to be in hospitality though, or his vision to own
tourism businesses. In fact, he says he’s never really had ‘visions’, even for
his first company, Computershare.

By his own admission, Chris Morris was terrible at school. “I failed everything
except for maths,” he tells, attributing his performance to the typical
distractions for teenage boys. So, Chris’ mother enrolled him in a three-month
computer course at Taylors College, Melbourne. It was 1966 and the first ever
computer course in Australia.

From that course, Chris worked for the first computer bureau in Melbourne (this
was long before PCs), and eventually he started working on share registry
systems. In 1978, he joined with business partner Ken Milner to found
Computershare and provide computer bureau services to Australian share
registrars. “We had 49%,” recalls Chris. “We worked with a bureau, which had the
big computer, and they had 51%. Everyone back then used to run their own
registries, or they were run by chartered accountants. Within five years, just
about everyone in Australia used us. We then did what everyone does – we went to
New Zealand first, then UK, then when we got brave we went to the US. We were
one the first companies to use PCs as distributive processors instead of the big
old green terminals – if you can remember them.”

By 1992, Chris and his business partner had bought out the bureau’s 51%. “They
were raiding our super funds; we didn’t take them on and instead bought their
51% for I think $50,000. Then Ken said, ‘let’s sack everyone’ – we had all the
major companies using our software and it would take them three or four years to
catch up to us. I couldn’t do that, so some other staff and I bought him out. He
sold for $2 million for 50% of the company which today is worth around $9.5
billion.”

Computershare was floated on the Australian stock exchange in 1994.

“We [Computershare] have 18,000 people globally in 27 countries and manage the
debt and companies’ registries of most of the major listed companies globally.
It’s by far the most successful IT Company Australia’s ever had by a long way.”


CHRIS MORRIS CHRISTOPHER MORRIS BAND

12/11/2014

Tourism and hospitality tycoon Chris Morris affirms to have bought the
“worst-performing casino” in Australia, but after a $20 million makeover, the
Townsville casino will be a gold mine that will fund his growing Queensland
tourism empire.

Chris Morris, ranked #47 by Forbes in the Australia’s 50 richest, is a self-made
millionaire with a net worth of $590 million. In 1978, he founded a global
share-registry company Computershare, one of the first and biggest technology
success stories in Australia, which brought him his name and wealth and of which
is he is currently a non-executive chairman. Even though he has never been a
dazzling software developer and programmer, his vision and strong feeling for
great business opportunities is what brought him to the place he is at right
now. Currently, with his experience and his money, Morris can afford investing
into Australian casinos although he has resisted installing pokies machines in
his hotels and pubs on the grounds they are immoral. However, he does not have a
problem with them in casinos, since people make a conscious decision to go to
casinos and spend money on gambling nevertheless.

Morris’s Colonial Leisure Group entered into an agreement to buy Echo
Entertainment Group’s Jupiters Townsville casino for $70 million in January.
They sealed the deal last month after having received the probity clearance.


CHRIS MORRIS CASINO ATLANTIC CITY

Echo Entertainment Group, one of Australia’s largest publicly listed
entertainment, said in January that Jupiters Townsville had limited expansion
opportunities and divesting the casino would allow the company to focus on its
other properties in Sydney, Brisbane and Gold Coast.
“With our fingers firmly on the pulse of pleasure, leisure and reinvention, Echo
Entertainment Group is the catalyst for your entertainment. Echo Entertainment
Group is like entertainment itself … forever evolving,” states the company.
Therefore, it is only logical that they have been trying to sell Jupiters
Townsville casino for two years, as its one and only income was from the
gambling facilities and even expanding it would not bring any profit in the near
future.

The Australian Financial Review had an interview with Chris Morris, in which he
claimed that the property had great potential, but due to the lack of
investment, was in a sad condition.

Mr. Morris said the waterside casino is the “best spot in Townsville” but an
outdated design has not made enough of the views out to the spectacular Magnetic
Island. And although the place gets around 2,000 visitors a day, it has
struggled to encourage spending outside of the 350 poker machines and 50 gaming
tables, he said. Gambling was the only Jupiters’ function, and the potential for
the other activities and entertainment was not used to its fullest.

“The only reason people were going there was to gamble,” he said. “The food and
beverage offering … was very average.”

Chris Morris, will spend at least $20 million on the major renovation and
refurbishment, and on entirely redesigning the venue. He is going to introduce
multiple restaurants and bars into the facility, which is typical of his hotels
in Perth and Melbourne. It is a long-term project and he does not expect to make
a profit for the next four years. The Jupiters deal drives his investments in
Queensland in the past three years over $100 million. Mr. Morris’s vision is to
create high-end packages for international tourists that wish to visit the Great
Barrier Reef, the Daintree and the outback. Thus they could stay at his trio of
exceptional venues. He targets rich tourists who can afford paying $1400 per
night and it is definitely important to create an impeccable atmosphere to
satisfy all their needs. Mr. Morris is taking his tourism business very
seriously. For instance, he bought a fleet of helicopters to transport guests
from Cairns to Orpheus Island.

Jupiters will play a crucial role in this plan to not only expand his whopping
business but also to follow his dreams. “Having the casino allows you the cash
flow to do other things,” he said. And at the age of 66 he can afford it.

Despite the fact that the fight between Echo Entertainment and Crown Resorts to
build a new casino in Brisbane and a proposed $8 billion mega gambling resort in
Cairns are reinforced by the prospect of a boom in Chinese visitors, Mr. Morris
believes his efforts in Townsville are aimed more at the locals, taking into
consideration that there are limited direct flights to the regional centre.

To make up for his lack of gaming business experience and to take advantage of
Jupiter’s “huge potential”, Mr. Morris has poached a casino guru Brad Morgan,
who recently ran SkyCity Entertainment’s Darwin casino.

He said that Jupiters Townsville had been the worst-performing casino in
Australia for a while, but why invest into the best-performing business which
would be impossible to change and improve?




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