The future of the huge integrated resort developments in Queensland, Australia, was clarified last month when lawmakers rejected one bid and allowed another to proceed.
The Queensland legislature agreed with environmental groups that the development of a mammoth cruise-ship terminal at a planned Gold Coast casino posed too great a risk to the natural area. They have shut down the plan by Chinese-backed ASF Consortium to go forth with the $7 billion-plus project.
“The Gold Coast and Queensland need the 20,000 jobs this project will create,” the company said in response to the news. “ASF Consortium wants to work with the Queensland government to make this happen to ensure the Gold Coast remains the international tourism capital of Australia well into the future.”
Meanwhile, Hong Kong billionaire Tony Fung’s Aquis Great Barrier Reef Resort north of Cairns has won environmental approval from the federal government.
“The completion of the environmental approvals and planning assessment means that the only outstanding item to be completed is the casino agreement with the state government, which we hope to achieve in a timely manner,” said Aquis project director Pat Flanagan.
Aquis projects that its new resort?which will have 4,000 hotel rooms, an aquarium and other attractions as well as a casino?will create 10,000 new jobs and generate up to $10.2 billion when it is complete.