Thu, Oct 13, 6:12pm by Staff Writer
Brisbane’s massive Queens Wharf casino development, the biggest the city has ever undertaken, is set to be finished by 2022.
The Australian has reported that a development plan will be released next month which will set a strict timeline for the $2.9 billion development.
That plan gives operator Star Entertainment and its Hong Kong-based joint venture partners, Far East Consortium and Chow Tai Fook strict conditions where they would face financial penalties, or even repossession of the site, should they fail to comply.
However, the construction of some 2000 apartments will be spread out over the course of 15 years
Mystery has surrounded the precise design of the precinct as the details are worked through between the government and the consortium, led by Star.
“Much of the QWB project detail, including payment values and timings, remains commercial-in-confidence,” State Development Minister Anthony Lynham told The Australian.
Star won the bid through tender over rival Crown Resorts, which is headed by James Packer.
Meanwhile Jupiters Casino on the Gold Coast, also owned by Star, is set to undergo a $345 million facelift.
Dining facilities as well as the Atrium Bar are set to be upgraded
“The atrium area is central to all of our experiences and is often referred to as the heart of property, so its look and feel needed to be representative of our new and evolving offering,” Star Entertainment Group’s Queensland managing director Geoff Hogg told the Gold Coast Bulletin.
“We will have some great recruitment opportunities over the coming months as we approach the opening of the new outlets, from chefs to our front of house team, so would encourage hospitality enthusiasts to inquire.”
Queensland casino landscape is set to be reshaped by the opening of the Queen’s wharf casino as well as the likelihood that Crown will build and open a casino at The Spit on the Gold Coast.
There are also proposals for additional regional casinos in Townsville and Cairns.
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