Boost for Chinese mega resort in Cairns
A planned $4.2 billion mega-resort and casino in far north Queensland has been given the green light.
Australia’s’ Foreign Investment Review Board has approved an application by Chinese developer Aquis to purchase a huge parcel of land for its development at Yorkeys Knob near Cairns.
Aquis owner, Hong Kong-based billionaire Tony Fung, said the resort would rival great man-made attractions seen in Dubai and Singapore and would lure big spenders to Queensland from China.
The proposed development, which still needs various state government approvals, includes nine luxury hotels, an 18-hole golf course and a 25,000-seat stadium.
Locals have raised a number of concerns, fearing the project will increase problem gambling, may damage the Great Barrier Reef and could hurt the region’s nature-based tourism industry.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025