SkyCity is short-listed to take part in a casino and hotel development on the Gold Coast in Queensland.
The casino-operator, which has venues in Auckland, Queenstown and Adelaide, and has been looking at investing in the Philippines, has been asked to submit a more detailed proposal on the development.
Chief executive Nigel Morrison said SkyCity submitted a preliminary proposal earlier this year with Brookfield Multiplex, an Australian infrastructure company, in which they are collectively known as the Azure Consortium.
The submission was made in response to a request from Gold Coast City Council and the Queensland State Government for the tourism development.
SkyCity says the process is still in its very early stages.
Shares in the casino operator have risen 3 cents to $4.23 each.