Aquis Great Barrier Reef Casino
THE developers of a proposed $4.2 billion mega-resort and casino in north Queensland are a step closer to buying casinos in Cairns and Canberra.
- Chinese billionaire and developer Tony Fung is proposing to build his Macau style mega-casino and resort, the Aquis Great Barrier Reef Resort, on the Cairns northern beach of Yorkeys Knob. The $4.3 billion casino will have 9 luxury hotels, a convention centre, 2 x 2500-seat theatres, golf course, sports stadium, shopping and mega aquarium.
- The proposed $8.15 billion Aquis Great Barrier Reef Resort development has moved a step closer to reality with news that it is set to be granted a casino licence if it goes ahead, but surely that wouldn’t be allowed to happen?
Aquis Great Barrier Reef Resort Group this week signed a $269 million takeover bid agreement with the Reef Casino Trust (RCT) which owns the Reef Hotel Casino.
The trust's board has unanimously supported the takeover offer.
Aquis, owned by Chinese billionaire Tony Fung, has also separately agreed with Casinos Austria to acquire Casino Canberra.
Aquis Great Barrier Reef Casino Reviews
The company is hopeful the Cairns sale will improve its chances of acquiring a casino licence for its proposed mega-resort at Yorkeys Knob near Cairns.
The company responsible for the Aquis Great Barrier Reef Resort project has managed to get it through early approvals by removing the huge casino from the plan, after which Queensland Treasurer Curtis Pitt this week said it had a “very strong chance of progressing”.
The planned 340-hectare Aquis Great Barrier Reef Resort includes nine luxury hotels, an 18-hole golf course, a 25,000 seat stadium and a cultural heritage centre.
An Aquis spokesman said the company will apply to extend the Reef Casino licence to include the mega-resort.
They've also applied for one of two new regional Queensland casino licences on offer by the state government.
The developers have signalled they will only push forward with the project if the resort is granted a casino licence.
They're expected to lodge an Environmental Impact Statement with the state government in April or May.
Locals have raised concerns the project won't withstand a cyclone, will increase problem gambling, may damage the Great Barrier Reef and could hurt the region's nature-based tourism industry.
Those in favour of the resort say it will bring much-needed jobs to the region and boost tourism.
Mr Fung has said the resort would rival great man-made structures seen in Dubai and Singapore and would attract big spenders from China.
The Reef Hotel Casino and Casino Canberra takeover bid is expected to take up to nine months and won't affect staff numbers at either casinos.
Originally published asAquis developers set to buy two casinos
Aquis Great Barrier Reef Casino Hotel
The developers of a proposed $4.2 billion mega-resort and casino in north Queensland are a step closer to buying casinos in Cairns and Canberra.
Aquis Great Barrier Reef Resort Group this week signed a $269 million takeover bid agreement with the Reef Casino Trust (RCT) which owns the Reef Hotel Casino.
The trust's board has unanimously supported the takeover offer.
Aquis, owned by Chinese billionaire Tony Fung, has also separately agreed with Casinos Austria to acquire Casino Canberra.
The company is hopeful the Cairns sale will improve its chances of acquiring a casino licence for its proposed mega-resort at Yorkeys Knob near Cairns.
The planned 340-hectare Aquis Great Barrier Reef Resort includes nine luxury hotels, an 18-hole golf course, a 25,000 seat stadium and a cultural heritage centre.
An Aquis spokesman said the company will apply to extend the Reef Casino licence to include the mega-resort.
They've also applied for one of two new regional Queensland casino licences on offer by the state government.
The developers have signalled they will only push forward with the project if the resort is granted a casino licence.
They're expected to lodge an Environmental Impact Statement with the state government in April or May.
Locals have raised concerns the project won't withstand a cyclone, will increase problem gambling, may damage the Great Barrier Reef and could hurt the region's nature-based tourism industry.
Those in favour of the resort say it will bring much-needed jobs to the region and boost tourism.
Mr Fung has said the resort would rival great man-made structures seen in Dubai and Singapore and would attract big spenders from China.
The Reef Hotel Casino and Casino Canberra takeover bid is expected to take up to nine months and won't affect staff numbers at either casinos.