It's the musical that every major theatre producer is clamouring for - the two-part stage show Harry Potter and the Cursed Child.
Best-selling author J.K. Rowling is a co-producer of the show, which began previews on London's West End this week, along with Sonia Friedman Productions. 
Speculation about whether the production will come to Australia is rife even before it opens on   July 30.
Rowling, the creator of the Harry Potter series has said no decision would be made until after the world premiere.
Yet if there's any company in the box seat to tour the show overseas, and bring it to Australia in particular, it's Ambassador Theatre Group.
And it wouldn't even have to wave a magic wand, as it is already connected to the production.
Sonia Friedman Productions is a subsidiary of the Ambassador, which has several venues in Sydney.
It has a 15-year lease to renew and operate the Theatre Royal and is building a $70 million, 1650-seat new lyric theatre in the $1 billion Barangaroo development.
Ambassador founder Sir Howard Panter has also flagged plans for a third theatre venue in Sydney's west.
Asked whether Ambassador would bring the Harry Potter stage show to Australia, the company's Asia Pacific spokeswoman did not rule it out, but said no decision would be made until after the show opened.
The publicist said Ambassador was working with Sonia Friedman Productions on the West End premiere. "There are just no plans beyond the West End opening," the spokeswoman said. "[We'll] see how that goes really.
"There are three different producers of the show, [that] will come into account."
While its Asia Pacific headquarters and venues are in Sydney, ATG has toured shows around Australia, to mixed reception. Its productions here have included Legally Blonde the Musical, Thriller Live, The Rocky Horror Show, Guys and Dolls and West Side Story.
Mr McFarlane has said the group was in discussions for other Australian venues, in each capital city.
Harry Potter and The Cursed Child is staged in two parts, which run for more than 2\xC2&#189; hours each. Its West End run will continue until at least   May 2017.
Sonia Friedman Productions is also a producer on the West End run of The Book of Mormon. The show opens in Melbourne in early 2017. It is also a co-producer of West End musical Sunny Afternoon, which features songs by the The Kinks, written by expatriate Australian Joe Penhall.