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Gold Coast Casino still awaiting approval

Tue, Sep 6, 12:05pm by Staff Writer

The future of the Main Beach Casino project on the Gold Coast is no closer to being confirmed with Premier Annastacia Palaszczuk insisting no decision has been made on a deal to approve the development.

An expansion of casino licenses in Queensland has led to several proposals being put forward in a variety locations and there were reports in the media that the developer ASF had received approval to develop the Main Beach site after getting the backing of James Packer’s Crown Resorts.

But Premier Palaszczuk said no proposal had been forthcoming and there was no announcement pending of an approval.

“We need to see a detailed, formal proposal from ASF and I don’t want to make any comments until Government has had the due consideration to look at that,” she said.

“There are discussions happening with Government in relation to the ASF proposal on the Broadwater. There will be extensive community consultation before any decision is reached and we will continue to discuss those issues at length.”

The Government announced last year it would make the land available for a development of a resort, but would need to provide further approval and licensing once a full proposal was received.

State Development Minister Dr Anthony Lynham said that despite reports the $5 billion proposal was a done deal, nothing further had been approved.

“The only process deed signed was one over a year ago, and that was really for ASF just to prepare some plans, that’s the only process deed that has been signed,” Dr Lynham said.

Packer, who lost the bid to run the Queen’s Wharf project in Brisbane, has been strongly linked with ASF, but no official announcement has been made of Crown resort involvement.

Packer recently reduced his share in Crown Resorts to below the majority share rate, but that move was believed to be strategic and not seen as a step back in his considerable casino interests.

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