$8bn Cairns casino project revived

The team behind the Aquis Great Barrier Reef Resort project in Cairns have signed a process deed to reenter the integrated resort development process.

A $8 billion mega-resort and casino planned for Cairns is back on track following stalled negotiations with the Queensland government.

Treasurer Curtis Pitt announced on Saturday the team behind the Aquis Great Barrier Reef Resort Project - to include 7500 hotel rooms, two casinos and a golf course - had signed a process deed to re-enter the government's integrated resort development (IRD) process, having withdrawn in February.

"The IRD process is a rigorous way to protect the community's interests and also evaluate Aquis' credentials and financial capacity to deliver this project," Mr Pitt said.


Share

1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world