Queensland on the lookout for IR investors

Queensland on the lookout for IR investorsReading Time: 1 minute

The Australian State of Queensland wants to establish new integrated resorts in the area after failing to succeed with a bidding round four years ago.

Queensland 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, local 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.

Annastacia Palaszczuk, Queensland Premier has travelled to Las Vegas and Macau recently and she met potential investors. Apparently, there is already some expressions of interest in Cairns as ten potential investors may have already registered their names.

The government expects the new IRs to boost an already thriving tourism sector which contributes US$17 million to Queensland’s economy and supports over 230,000 jobs.


Source: FocusGamingNews

Source: European Gaming Industry News

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.