Casino bid on hold as QLD poll rolls on
The political situation in Queensland could push back an $8 billion mega-resort project near Cairns.
The planned Aquis resort will include 7500 hotel rooms, a convention and exhibition centre, two casinos, a golf course and an artificial lake and lagoon.
But it looks like it will be several weeks before Queensland’s new government – LNP or Labor – will be formed, meaning the Hong Kong-based developers will have to wait to continue negotiations.
The good news for developer Tony Fung is that both major parties have backed the big build, on the pledge that it would create 20,000 jobs in a region of particularly high unemployment.
The former LNP government under Premier Campbell Newman offered Aquis a licence under the requirements of the Integrated Resort Development process.
While the project's environmental impact statement has been approved, the developers still need permission from local council and possible further federal approval.
A spokesperson for Aquis has told AAP reporters that the developers wanted to speak to whoever is in charge, when the new government has been formed.
“We've got to meet with them and get their view on the process,” the company said.
The major sticking point in the process comes from the yet-to-be-granted casino license.
The resorts’ opponents have raised concerns that the development would increase problem gambling and harm the environment.
If the project is able to stay on its current timeline, the resort will open in 2019.