Aquis leads investor road show to new resort

    Hong Kong billionaire Tony Fung this week welcomed a roadshow of investors to inspect his plans for an A$8.1 billion($7.6 billion) resort at Yorkeys Knob, near Cairns, local media reports.
    Among the potential investors was the China Poly Group, which specializes in international trading and real estate, but which also has an arms dealing unit, Poly Technologies.
    The Courier Mail points out the links to the arms company, which has come under fire for exporting weaponry to Iran, Syria and North Korea, may ignite further protest against the integrated resort project. Local environmental groups have already expressed concern about the development.
    Gaming facilities at the Aquis Resort would include 750 gaming tables and 1500 gaming machines. If it proceeds, the resort will also include eight hotels, high-end retail shopping, an aquarium, two theatres, and convention and exhibition facilities.
    The Queensland Government expects to make a final decision on whether the Aquis Resort will receive a casino license in 2015.