Barrier Reef casino resort seeks Asian investors

    A new resort project headed by golf champion Greg Norman on an island on Australia’s Great Barrier Reef is seeking Asian investment partners. The $2 billion resort on Great Keppel Island has secured development approval after an eight-year process, according to developer Tower Holdings. The project is expected to have a new 250 room, 5-star beachfront resort, 700 luxury villas and 300 luxury apartments as well as a 250 berth marina, retail precinct and zoning for a casino. It will also feature an 18-hole golf course, designed by Norman. Tower is now seeking development and investment partners from Asia under an “Expression of Interest” period until June 26. “The opportunity is the largest fully approved tourism infrastructure project currently in Australia and likely to be the only one of its kind ever approved in the World Heritage listed Great Barrier Reef,” it said in a statement.