Australia is the Next Casino Hub
With the global slowdown in mining, Queensland and New South Wales are going ahead with their four new casino projects aimed at attracting millions of tourists, mainly from China.
The planned resorts are estimated to generate thousands of jobs and billions of dollars in revenue, even though there are concerns of the potential social and environmental impacts.
The various resorts are currently at different stages of their planning. Australian casino mogul James Packer and Hong Kong billionaire Tony Fung are placing their focus on the already popular Queensland.
Despite the number of existing Australian casinos, Fung is planning a mega resort after having won a gaming license in May which is still reliant on various environmental planning and other approvals being attained.
The new resort called Aquis, which will be located near Cairns, will boast 8 hotels, an exhibition center, entertainment facilities, a champion gold course and one of the world’s biggest aquariums.
The resort will cost a whopping AUD$ 8.5 billion and is the largest single investment in tourism in Australian history.
Aquis is set to open in 2018 and will employ 20,000 people and it stands to contribute AUD $1.4 billion of revenue a year to the Queensland Economy.
In conjunction with this, ASF consortium were granted a license for their AUD $7.5 billion resort for the Broadwater Marine Project on the Gold Coast.