Star Entertainment Group plans to build a second tower at its Gold Coast site, in addition to the $345 million refurbishment of the Jupiters Hotel and Casino and the 17-storey luxury tower under construction.

The Star Entertainment, formerly known as Echo Entertainment Group, said that it had begun the planning process for the new 200m-high, 4.5 star hotel at Gold Coast site.

The new tower, which will cost more than $500 million, will include 700 hotel rooms and apartments, bringing up the casino and resort’s room numbers to almost 1400.

A live sports theatre is also planned to be a part of the transformation and the total investment under consideration to reach $850 million.