Gold Coast casino developer could risk financial collapse, auditors warn

Accounts show ASF, the owner of a consortium vying to develop a resort on Southport Spit, holds just $6.25m after losing $93m of $102m raised The cash-strapped parent company of a consortium with exclusive rights to negotiate a $3bn casino development with the Queensland government could risk collapse without more investment backing, auditors have warned.ASF, the sole owner of a consortium vying to develop a casino resort on the Gold Coast, holds just $6.25m in cash after losing $93m of $102m ra