Down Under in Brisbane, after a Hong Kong billionaire teamed up with a Chinese-Australian investment consortium the group have won bids to build multi-billion dollar mega casinos in the Queensland area.
The bid win made the headlines in Australian gambling news since the state government ruled out all other contenders.
The AUD 8.15 billion Aquis project near Cairns belonging to Tony Fung, and the AUD 7.5 billion Broadwater Marine Project on Australia’s Gold Coast will be issued gaming licenses under Australian gambling laws.
There are stipulations attached to the proposed projects, where the licenses will only be granted if the planning, environmental and gambling approvals are obtained from the state of Queensland.
Asian consortiums win Australian casino bids
“The Queensland government has identified that these projects have the greatest capacity to deliver the requirements for an integrated resort development in the regions,” commented Queensland Deputy Premier Jeff Seeney.
“Particularly the potential to attract inter-state and international tourists as both these centers have international airports.”
The plans for the project will place it in Yorkeys Knob, located 13 kilometers north of Cairns. This will include the construction of the casino, along with plans for luxury hotels and one of the largest aquariums in the world.
However, the project hasn’t been a hit with residents of the town, who fear the casino complex will hurt local business and the environmental treasure, the Great Barrier Reef located nearby.
The Hong Kong consortium is also bidding for the rights to build another integrated resort in the capital of the region.