sentences:  In the mid-1990s Coates together with Leo Wallner, then Austrian Olympic Committee president and head of Casinos Austria, joined with the Australian Olympic Committee's investment arm, under Coates' leadership, to invest in the establishment of a casino in Cairns in north-east Australia.In 2007 Coates said "We held onto our shares and sold them only last year.Our original investment was $7 million and we ended up losing $3.5 million."