Tag Archives: Queensland
Australia – Queensland to launch ‘worldwide expression of interest’ for second casino licence
Having recently kicked a previously approved resort casino licence into touch, the Queensland government has now come out in support of a second casino being built on the Gold Coast. It will launch a ‘worldwide expression of interest’ campaign to choose a developer. Premier Annastacia Palaszczuk has confirmed her support for a second casino licence…
Australia – Crown Resorts linked with ASF’s Gold Coast project
Reports in the Australian media are linking Crown Resorts to a casino already approved but yet to be built in Queensland. In August 2015 the state government in Queensland approved a A$2bn project by a ASF Consortium on the Gold Coast’s Main Beach. One newspaper report in The Australian has said that Crown wants to…
Australia – The Star Brisbane to earn Queensland government $1bn
Australia’s Star Entertainment Group will pay the Queensland government $272m in exchange for the right to develop the Queen’s Wharf casino and resort, which will generate over $1bn of state tax over ten years. Premier Annastacia Palaszczuk and Star Chairman John O’Neill have now signed the final contract for the A$3bn casino resort on the…
Australia – Aquis Great Barrier Reef Resort back on track in Queensland
The stalled $8bn Aquis Great Barrier Reef Resort project earmarked for Queensland is back on track following renewed efforts by the newly elected government to encourage its progress. Tony Fung had withdrawn from the process in February following failed discussion with the previous Liberal National Party government. Now Treasurer Curtis Pitt has said the team…
Australia – Plans presented for Sea Pearl Hotel off the Gold Coast
Marie Stephens Properties has presented plans for a A$250m casino hotel to be shaped like a giant pearl and designed to float off the Gold Coast in Australia. Known as the Sea Pearl Hotel, it is the creation of Professor Jianping Zheng, a man who has designed over 200 theme parks and hotels in China….
Australia – SkyCity, Echo and Crown to battle it out in Brisbane
Queensland Deputy Premier Jeff Seeney has revealed that 12 casino developers have paid $100,000 to lodge their formal interest in developing new casinos in the state with names including Echo Entertainment, Crown and Sky City Entertainment. These three companies will go head to head, along with another three developers, including Chow Tai Fook Enterprises, Lend…
Australia – Chinese group proposes Buddhist casino for Queensland
The China Australia Entrepreneurs Association Incorporated (CAEAI) has officially lodged an Expression of Interest proposal to operate a A$5bn integrated resort casino and Buddhist temple in Queensland. It wants to develop a China Town style precinct at Airlie Beach along with a retail and commercial complex, a casino and an international standard hotel. Chinese billionaire…
Australia – Queensland pokies to allow $50 and $100 notes
The Australian state of Queensland has increased the limit on the denomination of bank notes that poker machines can accept from $20 to $100. Queensland’s Attorney General, Jarrod Bleijie, has approved the change to accept $50 and $100 notes ending a 20 year restriction to $20. The approval is major win for lobbyists such as…
Australia- Concern over falling revenues and Echo investment
Echo Entertainment has released its A$1.5bn blueprint for the renovation of its Queensland casinos, a move that immediately saw  its share price fall based on investor concerns over the scope of the investment and warnings of underperformance this year. Having been piped at the post in Sydney where Crown Resorts won the first round of approvals to…
