QUEEN'S WHARF CASINO ENTERS NEXT STAGE

Written on the 2 April 2014 by Laura Daquino

QUEEN'S WHARF CASINO ENTERS NEXT STAGE BIG players have lodged formal expressions of interest in creating a new casino at Queen’s Wharf, with Echo Entertainment Group (EGP) and Crown Resorts (CWN) not the only candidates.

The Queensland Government announced yesterday that six companies have shown interest in developing casinos at the precinct, while another six are vying for licenses in two Queensland regional centres.

In addition to attracting EGP and CWN, Queen’s Wharf has also appealed to other national and international companies alike, including Far East Consortium/Chow Tai Fook Enterprises, Lend Lease, SKYCITY Entertainment Group and Greenland Investment.

The opportunity for a Queen’s Wharf casino license was first proposed by Premier Campbell Newman in the Integrated Resort Developments project on October 14 last year.

Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney (pictured) says the development is in keeping with the election promise to boost tourism and construction.

“We are committed to establishing high quality integrated development that will be draw cards for both international and domestic visitors and provide employment for thousands of Queenslanders,” said Seeney.

Seeney said proponents could pay $100,000 to lodge formal interest in the projects until March 31, with the next step being stringent viability assessments until the end of the year.

“Under the close eye of Probity Adviser Len Scanlan, my Department will now consider the EOI applicants announced today to prepare a final short-list by the middle of this year,” he said.

“Then short-listed applicants will be asked to prepare fully-fledged proposals for submission by late 2014.”

It is expected that licenses will be announced by mid-2015.

Brisbane-based EGP, which owns Brisbane’s only casino the Treasury, declined comment earlier today about its application due to the process being in its preliminary stages. 


Author: Laura Daquino Connect via: Twitter LinkedIn

Latest News

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

TREASURY WINES UNCORKS SWEET $269M PROFIT DESPITE INVENTORY WOES

REVEALING the fruits of its past year of labour, Treasury Wine Estates (ASX: TWE) has posted a 55 per cent increas...

TATTS GROUP POSTS PROFIT AND REVENUE DROP ON FEWER JACKPOTS AND BAD WEATHER FOR RACING

TATTS Group (ASX: TTS) has posted a full year net profit loss of 5.7 percent and a revenue decline of 8.4 per cent as...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

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