Chinese developers get OK for $4.2 billion mega-resort near Cairns (with stadium)


Chinese developers get OK for $4.2 billion mega-resort near Cairns...

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Clinton
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Chinese developers have been given the green light to buy land for a planned $4.2 billion mega-resort and casino in far north Queensland.

The Foreign Investment Review Board has approved an application by Aquis to purchase 340 hectares of land for its development at Yorkeys Knob near Cairns.

The development includes nine luxury hotels, an 18-hole golf course, a 25,000 seat stadium
and a cultural heritage centre.

Aquis CEO Justin Fung says the company will take full ownership of the land once plans for the project are approved and a casino licence secured.

The company last week signed a $269 million takeover bid agreement with the Reef Casino Trust (RCT) which owns the Reef Hotel Casino in Cairns.

Aquis is hopeful a bid to extend the Reef Casino licence to include the mega-resort is successful.
Artist's impression of the $4.2 billion mega-resort and casino proposed for far north Queensland.

Artist's impression of the $4.2 billion mega-resort and casino proposed for far north Queensland. Photo: Supplied

As a back up, they've also applied for one of two new regional Queensland casino licences on offer by the state government.

Locals have raised concerns the project won't withstand a cyclone, will increase problem gambling, may damage the Great Barrier Reef and could hurt the region's nature-based tourism industry.

Those in favour of the resort say it will bring much-needed jobs to the region and boost tourism.

Aquis owner Hong Kong-based billionaire Tony Fung has said the resort would rival great man-made structures seen in Dubai and Singapore and would attract big spenders from China.

http://www.brisbanetimes.com.au/travel/travel-news/chinese-developers-get-ok-for-42-billion-megaresort-near-cairns-20140305-346p3.html
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:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

-PB

https://i.imgur.com/batge7K.jpg

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Cairns Aquis!
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How is this in anyway related to AF ? ](*,)
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Please don't make it a round stadium [-o<
Tom AUFC
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El Toro wrote:
Please don't make it a round stadium [-o<

HQ at AFL are already on it. ;)
Heineken
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Quote:
Yorkeys Knob


WOLLONGONG WOLVES FOR A-LEAGUE EXPANSION!

paladisious
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For that investment they could easily afford an A-League franchise with their chump change to use as an advertisement to visitors from China and Australia. What else would Chinese guys want to build a stadium for, anyway?

I take it from your lols PB that there's more to this? Or far less? :lol:

Edited by paladisious: 7/3/2014 01:33:08 PM
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Heineken wrote:
Quote:
Yorkeys Knob

As a Sydney fan I expected you to be well acquainted already.
paladisious
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Tom AUFC wrote:
El Toro wrote:
Please don't make it a round stadium [-o<

HQ at AFL are already on it. ;)

Their forte is scamming our tax dollars for venues, I doubt they'll know what to do when dealing with foreigners.
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paladisious wrote:
Heineken wrote:
Quote:
Yorkeys Knob

As a Sydney fan I expected you to be well acquainted already.

#pashingisnotacrime

I tried, but unfortunately Yorkey looked over me. I wasn't a buxom blonde with DD tits and a powdered nose, unfortunately.

WOLLONGONG WOLVES FOR A-LEAGUE EXPANSION!

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paladisious wrote:
Tom AUFC wrote:
El Toro wrote:
Please don't make it a round stadium [-o<

HQ at AFL are already on it. ;)

Their forte is scamming our tax dollars for venues, I doubt they'll know what to do when dealing with foreigners.


You wouldn't need such a big, round stadium in NQ, but if it is a rectangular stadium then you could share games between Townsville and Cairns for a NQ team in Football and the Rugby codes.



Edited by Eldar: 7/3/2014 07:13:07 PM

Beaten by Eldar

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paladisious wrote:
What else would Chinese guys want to build a stadium for, anyway?


Concerts?
Clinton
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StiflersMom wrote:
How is this in anyway related to AF ? ](*,)


Large stadium, likely used for football.

Not likely that a state league team would play out of a 25,000 stadium.

Seemed logical to me.
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And I for one welcome our new Chinese overlords.
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So Large Stadium developments discussion belong in Extra time?

Would have thought Australian Football fans would be interested as it will directly affect any potential North QLD A-league Franchise.
paladisious
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thupercoach wrote:
And I for one welcome our new Chinese overlords.

Welcome to the 21st century.
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Goes with this;

Quote:
Cairns is set to become a regional hub for top level national and international soccer following a partnership agreement between Cairns Aquis Great Barrier Reef Resort Group and the Far North Queensland Football Club (FNQ FC).

Under the agreement, Aquis will become the naming rights sponsor for the FNQ 'Heat' National Premier League team which will be called the Aquis FNQ Heat.

Aquis and FNQ FC will also work together to build an Australian A-League team.

Aquis CEO Justin Fung said the group was excited to be helping FNQ FC to achieve its potential at the national and international level.

"We are glad to give our support to FNQ FC because it is a great club that deserves the resources to finally make it big on a national stage," Mr Fung said.

1 scaled
"This was an easy decision for us because we love our football, but also because anything that makes Cairns a more vibrant and exciting city is good for us, our staff and our overseas guests."

"We will continue to support the community as our Aquis project progresses and share the prosperity that only a world-class integrated resort can deliver to the region."

Following the agreement, FNQ FC plans to begin discussions with Football Queensland and Football Federation Australia to achieve a National Youth League and an A-League Licence.

FNQ FC chairman Adam Garnett said the agreement was a huge boost for the club which would ensure its future growth.

"This is truly a historic day for football in Far North Queensland and, indeed, Australia," Mr Garnett said.

"The signing of this partnership between FNQ FC and Aquis Great Barrier Reef Resort signifies the start of a new era for the club and the game."

4 saled"FNQ FC is delighted to partner with Aquis Great Barrier Reef Resort, who shares our vision of bringing more top level football to Far North Queensland and giving local players the chance to reach the highest ranks."

Mr Garnett said that as the peak football club in the region, FNQ FC had always had bold ambitions to establish Cairns in the Asian Football landscape and position itself to be a contender for an A-League license when the FFA next considered expansion.

"We are delighted that Aquis shares our ambitions for the 'World Game' in this region and for positioning Cairns as a truly international city, and through this alliance will work with us to bring the Hyundai A-league and international football to Far North Queensland," Mr Garnett said.


http://www.fnqfc.com.au/component/content/article/8-news/218-aquis-resort-backs-fnq-push-for-a-league-football-team.html

-PB

https://i.imgur.com/batge7K.jpg

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paladisious wrote:
thupercoach wrote:
And I for one welcome our new Chinese overlords.

Welcome to the 21st century.
Already there mate
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can shift it back to AF now it's relevant
GO


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