Queensland Government approves two casino projects worth $15.65bn

26 May 2014 (Last Updated May 26th, 2014 18:30)

The Queensland Government has selected two casino construction projects to proceed to the next stage of development.

The Queensland Government has selected two major casino construction projects to proceed to the next stage of development.

The $8.15bn Aquis resort at Yorkeys Knob and the $7.5bn Broadwater Marine project will result in the development of two integrated casino resorts in Queensland.

Queensland State Development, Infrastructure and Planning deputy premier and minister Jeff Seeney said that Aquis and the ASF Consortium would probably receive a gaming licence if the projects proceeded and met all the necessary environmental, planning and gaming licensing approvals.

"We promised to grow the construction and tourism sectors of the Queensland economy and today's announcement paves the way for this." 

"We promised to grow the construction and tourism sectors of the Queensland economy and today's announcement paves the way for this to happen on a scale not previously seen in our state," Seeney said.

As both projects are located near international airports, they could attract interstate and international tourists, claimed the government.

Additionally, the developments are expected to create thousands of new jobs in the region, with Aquis predicting more than 3,700 construction jobs and 10,000 operational jobs.

Meanwhile, the ASF Consortium has predicted that its Broadwater integrated resort and cruise ship terminal could generate 1,300 construction jobs and more than 10,000 operational jobs.

According to Seeney, the Queensland Government identified that these projects have the greatest capacity to deliver an integrated resort development in the regions, with the potential to attract tourists and create jobs.

"It is on this basis the government will now invite Aquis and the ASF Consortium to submit detailed proposals as part of the next phase of our competitive bid process," Seeney added.