Aquis confident Cairns can be new Macau

    Aquis Resort At The Great Barrier Reef, which plans to build an $8.15 billion ($7.6 billion) integrated casino resort near the Queensland town of Cairns, is confident the region could be the next Macau if enough quality facilities are provided.
    “We are extremely confident that Cairns can be a global destination,” Justin Fung, Aquis CEO told Bloomberg in an interview. “This is the closest western city to China.”  Queensland is handing out three casino licenses in a bid to attract investment and boost tourism numbers. Apart from Aquis, another Asia-backed group, ASF, will build a resort in regional Queensland, while Echo Entertainment, Crown Resorts and Far East Consortium were short-listed in the bidding for a license in downtown Brisbane.
    At present, Australia accounts for less than 4 percent of China’s tourism exports, with expenditure of A$4.8 billion last year.
    Fung told the news agency that he believes that Chinese tourists would be attracted to the region’s unspoiled beaches and natural environment.
    “I see more luxury projects creating a gaming destination for the Asian market,” Fung said. “If you can create enough quality product, then certainly the demand is there.”