The overall cost of the project is likely to hit AU$3 billion and will see construction of the integrated casino resort as well as large-scale developments for public spaces. The building process is likely to create 2,000 jobs, with another 8,000 operational staff taken on later, seeing employment at the site peaking in 2021 as it gears up for opening to the public in 2022.
State Premier Annastacia Palaszczuk and Queensland Development Minister Anthony Lynham met with senior officials from Star Entertainment Group yesterday to put pen to paper on the deal, which will see the initial demolition of buildings begin in 2017. As part of the agreement, Star will receive a 25-year exclusivity period for casinos within a 60km radius of the Brisbane city business district.
Premier Palaszczuk confirmed to the press the cash from the deal would be used to pay down debt on Queensland’s budget.
The casino’s licence runs for 99 years and it will offer players up to 2,500 gaming machines as well as gaming tables and electronic gaming machines. The Queen’s Wharf announcement comes three months after ground was broken on another massive casino project in Queensland. The Jupiters Hotel and Casino on the Gold Coast, operated by Echo Entertainment, will offer a six-star hotel with private balconies allowing VIP guests stunning views of the Pacific Ocean.