Tony Fung asked the State Government to clarify the minimum requirements for an integrated resort development
USD 8B Cairns Casino project revived
AQUIS Great Barrier Reef is negotiating to downsize its USD 8B plans for a mega casino resort in Cairns.
2015-10-20
Reading time 29 seg
AQUIS Great Barrier Reef is negotiating to downsize its USD 8B plans for a mega casino resort in Cairns.
Hong Kong billionaire Tony Fung has asked the State Government to clarify the minimum requirements for an integrated resort development.
Fellow tycoon David Chiu, a partner in Brisbane’s $2 billion-plus Queen’s Wharf development, said the move to scale back the colossal vision could be the winning hand in approval to start building by 2017.
“It is a huge project. Some might say too big for Cairns,” Mr Chiu said.
The Chinese property mogul said a more realistic first phase roll-out would help his friend Mr Fung win a new casino license and IRD approval. “Tony has big plans for Cairns and the Reef,” he said.
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