Queensland in new push for IR investors

Queensland is set to kick start its efforts to establish new IRs in the state four years after a previous round of bidding ended with little progress. The Queensland state government is set to invite investors in late July or August to register their interest in the development of a new large-scale integrated resort with a casino license on Australia’s popular Gold Coast, media reports say. The government is also already in talks with investors to develop another integrated resort in the coastal city of Cairns. The government would issue two new casino licenses for the projects. It would also consider one operator for both developments and the success of Cairns might be dependent on the Gold Coast integrated resort going forward, the reports say. However, this time around the investment proposals are expected to be far more modest than the more than $8 billion mega projects that were mooted in...

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