He also has construction projects under way in Sydney and the Gold Coast, where he is building an $800 million apartment mega-development at Broadbeach. Mr Arnaout has pushed aggressively into property development, with a four-block apartment project under way in central Newcastle across 1.66 hectares. He also owns Hungerford Hill Winery in the Hunter Valley, which he bought off the Kirby family.īillionaire Sam Arnaout has a stake in casinos, property developments and a number of hotels.
His portfolio of pubs includes the Hotel Steyne in Manly, the Ivanhoe Hotel, The Bourbon in Potts Point, The Palms Hotel in Chullora as well as others in Alice Springs. The business now includes Lasseters Hotel Casino in Alice Springs, the Canberra Casino and over 1300 poker machines.
Mr Arnaout, who grew up in Greenacre in Sydney’s west, has built up a gambling, hospitality and commercial property empire. Dr Grundy’s presence in the Macquarie Street building endures with his personal collection of wildlife photos adorning Hudson House’s foyer.
