Queensland shines in dull market

Queensland continues to attract international investor interest in its casino market and is expected to see progress in new licenses being issued this year, though sentiment towards the market as a whole is lacklustre amidst flat revenue and rising regulatory pressure. Plans to develop a global tourism hub, including a casino, in the town of Cairns have moved a step closer, with the project proceeding to the public consultation stage. The favored spot for the tourism hub is at the Cairns City Port precinct, noted Tourism Industry Development Minister Kate Jones. However, she said that while the project is an exciting proposition for the region, the government would not proceed without feedback from locals. “We’ve seen the benefits of the $3 billion Queen’s Wharf Brisbane project and a global tourism hub in Cairns would deliver much needed tourism infrastructure for North Queensland,” she said. The project is expected to include six-star hotels, apartment...

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