ECHO SHORTLISTED FOR QUEEN'S WHARF PROJECT

Written on the 28 May 2014

ECHO SHORTLISTED FOR QUEEN'S WHARF PROJECT

THE Queensland Government has shortlisted Echo Entertainment Group (ASX:EGP) as one of the candidates to deliver an integrated casino and resort at Queen’s Wharf.

Echo is up against Crown Resorts Ltd, Shanghai-based Greenland Investment Pty Ltd and a joint venture between Hong Kong companies Far East Consortium and Chow Tai Fook.

Each company will create a detailed proposal for consideration, including plans for a casino and entertainment precinct.

Echo managing director and CEO Matt Bekier (pictured) says with the support of business partners, the company will create a mutually beneficial plan.

“Echo looks forward to the opportunity to work collaboratively with the Queensland Government and our partners to develop a compelling proposal that will result in major additional investment in tourism infrastructure in Brisbane,” he says.

In comparison to stand-alone casino developments in the past, the Queen’s Wharf will incorporate six-star accommodation, retail venues, restaurants and convention facilities.

Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney says the consortia are more than capable to deliver a project of this scale.

“These companies recognise the opportunity that Queen’s Wharf Brisbane offers in an international arena and the government expects very competitive proposals for this once in a generation opportunity.

“The next phase of the process will be an opportunity for the shortlisted proponents to demonstrate their vision and innovation in transforming this under-utilised but important part of the Brisbane CBD,” he says.

Seeney says the development will drive growth in the construction and tourism sectors.

“Our vision is to build on Brisbane’s characteristic strengths and create an iconic new world city that draws increasing numbers of international tourists and businesses to our capital.

“It will be a landmark development designed to be a drawcard for international tourists and businesses for generations to come,” he says.

A gaming license was offered in October last year to encourage high-class development in the nine hectare site next to the Brisbane River.

Each company must lodge complete proposals later this year, with the formal confirmation not expected until early 2015.


Latest News

ADELAIDE APARTMENT BREAKS OFF-THE-PLAN RECORD WITH $3M SALE

AN apartment in 'The Adelaidean' residential development in Adelaide has sold for more than $3 million, which...

CABCHARGE GIVEN GREEN LIGHT TO BUY YELLOW CABS IN QUEENSLAND FOR $20M

THE consumer watchdog will not oppose the proposed acquisition of Yellow Cabs in Queensland by taxi payment service C...

SLEEPING ROUGH IN THE NAME OF CHARITY: 170 BRISBANE BUSINESS LEADERS TAKE PART IN THE CEO SLEEPOUT

OVER 170 Brisbane CEOs and business leaders will brave the cold tonight to fight homelessness in what will be the big...

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

Related News

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one o...

WAGERING GIANTS TABCORP AND TATTS GIVEN GREEN LIGHT FOR $11B MERGER

THE Competition Tribunal has approved Tabcorp's (ASX: TAH) $11bn takeover bid for Tatts (ASX: TTS) on the conditi...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter