On 14 October 2013, an Expression of Interest for an Integrated Resort Development (IRD) was released as part of the Queen's Wharf Brisbane offer to market, with a casino licence also on offer to the successful proponent. Two additional casino licences were released through a separate tender process seeking other Integrated Resort Developments in regional Queensland.
Integrated Resort Developments current status
ASF Consortium Pty Ltd
The ASF Consortium Pty Ltd announced its new concept plans for the land between Sea World and the Gold Coast Fishermen's Co-operative in December 2016. These concepts are being assessed by the department and are the subject of community consultation.
In late December 2016 the Queensland Government announced that The Spit's beach and parkland would be protected and given a family-friendly makeover. Consultation was undertaken from January 2017 and ran through until last Friday 7 April 2017, to ensure Gold Coast residents and the City Council were involved in the development of a plan for the coastal parkland.
At the same time, independent public consultation on ASF Consortium's revised proposal was undertaken.
The Queensland Government would like to thank members of the community for their input and participation in the community consultations. The government now awaits the independent consultants' reports to inform its next steps.
Throughout the community consultations, more than 6500 completed surveys have been submitted. Additionally there was:
- a (rescheduled) public Information session at Southport State High School
- a business information evening
- three community information sessions at the Department of State Development's Gold Coast Office
- 1000 online surveys completed
- four focus groups undertaken
- 100 telephone polling
- more than 50 face-to-face consultations with individual and community group in and around the Gold Coast
- also media releases, 1800 number for enquires, radio ads and print advertisements in the Gold Coast Bulletin and Gold Coast Sun.
Aquis at the Great Barrier Reef Pty Ltd (Aquis)
On 22 August 2016 Aquis formally notified the Queensland Government of its withdrawal from the Integrated Resort Development (IRD) process and that it was no longer seeking a casino licence for its Aquis at the Great Barrier Reef development at Yorkeys Knob in Cairns.
As a result, the Aquis proposal for an IRD at Yorkeys Knob, has been reshaped to focus on a $2 billion residential and tourism development with luxury hotels, apartments and villas.
The Queensland Government continues to work with Aquis, given the jobs and opportunities on offer from this reshaped proposal.
Aquis is now working with the Department of Local Government, Infrastructure and Planning, Office of the Coordinator-General and Cairns City Council to obtain the required development approvals.
Additional regional casino licence
On 16 March 2016, it was announced in State Parliament that if one or both of the current regional IRD proposals do not go ahead, the Queensland Government may go back to the market to seek expressions of interest for the available regional licences. That decision is yet to be made.
Benefits of an Integrated Resort Development
Integrated Resort Developments offer outstanding opportunities for Queensland to enhance its tourism offerings. Such developments can support major events and reinvigorate key locations across the state for entertainment and recreation to both locals and visitors alike.
In Queensland, tourism contributes $23 billion to the state's economy and supports over 230,000 jobs.
The Queensland Government is committed to supporting the growth of the tourism sector.
Integrated Resort Developments can help achieve this goal by contributing to increased international tourism and boosting the state's economy through tourism and construction.
Criteria for future Integrated Resort Developments
Any new regional Integrated Resort Development proposal must:
- include significant capital investment to create a development that attracts international tourists, where construction commences within 18 months of contractual close
- be located within close proximity to a major population centre with a catchment of at least 150,000 people within a 70 kilometre radius of the regional centre
- be near an operational international airport or an airport that is capable of being upgraded to international standards
- have well-established transport networks and significant existing tourism infrastructure with identified growth potential.
For further information on Integrated Resort Developments please contact us.