Cairns Casino Aquis

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Cairns Casino Aquis

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Cairns Casino Aquis Transcript Video

The People of Cairns have their say on the Aquis Casino proposal-Berenice the WAXRoom

The developers claim that it will attract not only:. If the project is ultimately approved, it would become the second casino in the state of Queensland. Pam Bigelow : Bahia In Bocholt it starts here. The Queensland government is due to make a final decision on issuing all three new casino licences next year.
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Tony Fung spricht von einem von Menschenhand erbautem Weltwunder.
Cairns Casino Aquis Aus Chile, Tschechien und Italien hat sich die einstige Cashcow des Konzerns bereits zurückgezogen. Die Redaktion behält sich vor, Kommentare, welche straf- oder zivilrechtliche Normen verletzen, den guten Sitten widersprechen oder sonst dem Ansehen des Kochen Spiel zuwiderlaufen siehe ausführliche Forenregelnzu entfernen. Disclaimer Netiquette Datenschutz Cookie-Präferenzen Impressum AGB. Aquis Australia is developing a new $ million hotel on a prime beachfront position in Surfers Paradise that will become a benchmark for luxury accommodation in the Asia Pacific region and attract a new generation of well-heeled travellers to the Gold Coast. The Aquis casino resort planned for Cairns would dwarf its competitors, including James Packer’s Barangaroo casino, and turn a patch of flood-prone sugarcane country into an Asian gambling hotspot. So do the numbers add up, and what are the downsides? Cathy Van Extel investigates. Hard Rock, Reef Casino and Star Entertainment Group to tender for Cairns Global Tourism Hub development One of Tropical North Queensland’s most exciting tourism projects is one step closer to reality with three firms shortlisted to develop a Global Tourism Hub in the Cairns CBD. Hotel in Cairns. | Casino in Cairns. The best Hotel in Cairns with the number 1 entertainment complex attached. The Pullman Reef Hotel Casino has you covered. Whether it’s live music in Cairns, a chilled Sunday session in BAR36 or a big night on the town, with great local and world class international live music acts, talented mixologists and stunning award winning food, not to mention Far North Queensland’s #1 destination for gaming. Aquis Resort at the Great Barrier Reef Pty Ltd: Location/s: 13 km north of Cairns and 3 km south of Yorkeys Knob. Map: Local government/s: Cairns Regional Council: Investment: $ billion over 2 stages: Stage 1 $ billion; Stage 2 $ billion; Key features: Stage 1 includes: An artificial lake and island within the development site; A casino. Hong Kong tycoon Tony Fung's plans to take over Australia's Reef Casino Trust the only casinos in the Australian city of Cairns near the Great Barrier Reef, fell as The deal would have given Aquis two casinos in the northern Australian city​. which owns the only casino in the Australian city of Cairns near the Great Reef was in discussion with Aquis Casino Acquisitions Pty Ltd. Das geplante Aquis Casino Resort in Cairns kommt der behördlichen Genehmigung immer näher. Die Entwicklung wird von Befürwortern als "vom Menschen. notierte Reef Casino Trust, an welchem CAIH eine Beteiligung von mittelbar rund 42% hält, mit der Aquis Casino Acquisitions Pty Ltd, Cairns. The Aquis casino resort planned for Cairns would dwarf its competitors, including James Packer’s Barangaroo casino, and turn a patch of flood-prone sugarcane country into an Asian gambling hotspot. So do the numbers add up, and what are the downsides? Cathy Van Extel investigates.
Cairns Casino Aquis Cathy Van Extel : Queensland has a history of failed tourism ventures. Cathy Van Extel How Vegas Started year-old Hong Kong investment tycoon Tony Fung Cs Go Sammelkarten his son Justin are Spitzmorcheln Getrocknet along a dusty track on a sugar cane farm at Yorkeys Big Brother Aaron, 15 kilometres north of Cairns. Fred Arial : It has been devastating and everybody's downsized. Aquis Resort at the Great Barrier Reef Pty Ltd. Mayor Bob Manning believes Aquis will lead to bigger things for the economy. You can also follow us on Twitter at RNBBing. Tony Fung has promised to act if his casino creates local gambling problems—something he acknowledges can't be ruled out. Can you believe it? It will include Ak Chin Casino storey hotel towers, two casinos, theatres, a convention centre and a championship golf course. Cathy Van Extel : Aquis wants gaming tables and 1, poker machines. Cathy Van Extel : That 'creative solution' contained in the Environmental Impact Statement is to build the resort island seven and a half metres above sea level, while the 33 hectare artificial lake and channels Dreier Schach the surrounding land are also flood mitigation measures. Doug Flockhart : You know it's like a coming of a Messiah [laughs]. Cathy Van Extel : A key element of the Fung's business case for the resort is attracting some of the world's gambling elite. Just talking to Justin, you know, just having a discussion. Pam Bigelow : Up and down this Queensland coast, time and time again, a lot of developments that have fallen over are now white elephants and the community is left with the mess, and this is bigger and more risk prone than any of those.

Date Activity 30 April Commonwealth Minister for the Environment's approval of controlled action , subject to conditions. Last updated: Monday, Jul 13, Redevelopment of ha of rural land into a large-scale integrated tourism resort.

Aquis Resort at the Great Barrier Reef Pty Ltd. Stage 1 includes: An artificial lake and island within the development site A casino 5 hotels including rooms Additional facilities including: retail shopping; an aquarium; a theatre; a reef lagoon; an outdoor sport and recreation facility including an hole golf course; a convention and exhibition centre; and a cultural heritage centre Stage 2 includes: 3 additional hotels including rooms A second casino Additional facilities including: an additional theatre; retail shopping; and a rainforest.

Stage 1: construction 11, operational Stage 2: construction An additional operational. Commonwealth Minister for the Environment's approval of controlled action , subject to conditions.

Additional information to the EIS being assessed by relevant government agencies. Cathy Van Extel : Currently the only development on that road is a service station that sits up high on a manmade hill.

Pam Bigelow says this road, which is the only way into and out of Yorkeys Knob, is cut off each year by flooding of the Barron River.

Pam Bigelow : It's really doing something that no-one who decided to live here, however many years ago, ever thought could happen.

To have something built on that area was considered impossible because it is the Barron River delta and it floods really, really reliably and regularly.

It's a very desirable area. It's, you know, great housing potential but it's not suitable. Displacing that land and building it up however causes issues with the movement of water and flooding.

So you put high places where it currently goes and you end up with water going to others. Cathy Van Extel : To the contrary, the Fungs say massive earthworks will reshape the landscape and flood-proof the resort, without creating problems for surrounding areas.

Justin Fung says the resort has been specifically designed to mitigate the flood risks. Justin Fung : We came up with a very creative solution along with architects and engineers to make sure that not only did we not negatively impact our neighbours but we're actually going to have a positive effect on the flooding issues in the surrounding areas, and if you look at the EIS it's a very comprehensively addressed issue.

Cathy Van Extel : That 'creative solution' contained in the Environmental Impact Statement is to build the resort island seven and a half metres above sea level, while the 33 hectare artificial lake and channels in the surrounding land are also flood mitigation measures.

But one of the nation's leading cyclone experts Jon Nott, a Professor of Geosciences at the nearby James Cook University, says the resort site is dangerous.

Jon Nott : It's on the flood plain of the Barron River. It's in an exceptionally storm surge-prone area.

We've got tropical cyclones and storm surge and river flooding in a wet tropical environment. And you couldn't put it in a more dangerous or vulnerable location than they are putting it.

Cathy Van Extel : Professor Nott says the Environmental Impact Statement for the Aquis development is missing critical information on flood mitigation.

Jon Nott : All the workings-out behind the conclusions were not provided, so that makes it very, very difficult for anybody with any level of expertise in these areas to be able to assess the veracity of the conclusions and the quality of the maps etcetera that were produced in that EIS.

Cathy Van Extel : The EIS acknowledges climate change, and that's why the resort's island is seven and a half metres high.

Jon Nott says that area hasn't experienced major inundation since the s, but the Cairns region has entered a climate phase that could see a return of big floods.

Jon Nott : With global climate change and the increased intensity of rainfall events and flooding events we can expect to see much bigger floods.

There's also natural climate variations which we are now just entering into a phase which makes it much more conducive to get big floodings over the next few decades.

And also we really are long overdue for a major cyclone in Cairns. So if, for example, a cyclone Yasi came through, instead this time it crossed just to the north of Cairns, somewhere between Cairns and Port Douglas, this resort would be impacted by waves and storm surge washing through there.

It can have major impacts to buildings, it can put people in danger, all of those issues that are associated with these hazards.

Cathy Van Extel : The mountains of the Barron Gorge National Park behind the Yorkeys Knob resort site are a playground for tourists.

There's the famous Skyrail to the mountain village of Kuranda, as well as more active adventures like white water rafting on the Barron River, which cuts its way through the mountains down to the Coral Sea just past the Aquis site.

In the upper reaches of the Barron River, a group of tourists is being given a safety briefing for a rafting trip through the sheer cliffs of Barron Gorge.

Raging Thunder director Fred Arial is one of the pioneers of Cairns adventure tourism. He's experienced the highs of the '90s Japanese boom to the lows of the Asian financial crisis and the GFC, and the negative impact of the high Australian dollar.

He says tourists are starting to return but many businesses are still trying to recover. Fred Arial : It has been devastating and everybody's downsized.

You'd have to take two steps back to go one forward. We've all done that. It's had a clean-out, we've seen it before. It was as bad as this, if not worse, in the pilots' strike in the late '80s.

There will be other hiccups in the future but for now the future looks very bright. Cathy Van Extel : Part of that bright future is the expectation that the Aquis resort will go ahead.

Fred Arial : It's the single best news we've ever had since the opening of the Cairns International Airport and we're delighted as a group of people here in Cairns, not just tourism.

The group of business people and most of the private residents are in favour of this project and it's a great thing.

Any single investment of that magnitude is a good thing for this town. We have one of the highest unemployment rates in Australia and certainly in Queensland, and anything that diminishes that has got to be great.

Anything that brings in additional people in the town. Cathy Van Extel : The Aquis vision is built around big forecast growth in the number of Chinese tourists to Australia.

Fred Arial is seeing more on his tours and he says the Chinese are increasingly adventurous:. Fred Arial : They don't just all eat at Chinese restaurants.

They don't just do a simple little boat tour out to the reef. As we're witnessing right now, they're getting into the hard-core adventure tourism and self-drive market.

It surprised me but you get a group of them together and they'll hire a vehicle here in Cairns, usually a Bongo van, and travel south from here. So this is a gateway to the Asian market.

It's great. The Chinese are fantastic spenders too. They've got an eye for a dollar, they know what a bargain is a bargain but they do spend.

Cathy Van Extel : The suburb of Yorkeys Knob is named after a metre high lush tropical headland at the edge of the Coral Sea, a haven to birds and expensive homes.

When the Aquis plans were unveiled last year, the local business group renamed itself the Yorkeys Knob Community Progress Association to get behind the project.

It's a rival to Pam Bigelow's Residents Association. The president is real estate agent Rard Changizi.

Rard Changizi : I think it's a fantastic opportunity for Queensland and for Australia. For Yorkeys Knob in particular it's brilliant.

I don't see any negatives in it at all. Cathy Van Extel : He believes the majority of people in Yorkeys support Aquis going ahead because the community stands to reap huge benefits.

Rard Changizi : In opportunities to grow businesses, in opportunities of increases in values in their properties, but more so it allows us to build an economy which is different to what we have at this moment in time in that we will have a supporting industry that supports Aquis from external.

Cathy Van Extel : In fact, Rard Changizi sees the Yorkeys Knob suburb itself becoming a tourism destination.

Rard Changizi : I think eventually what you'll find is the visitors will want to see outside of the resort itself and they will come and travel, and being that we are the closest place to the resort they will come to us first.

Cathy Van Extel : At the foot of the Yorkeys Knob headland is the Half Moon Bay Marina where Aquis developer Tony Fung moors his luxury boat at times.

It's also where tour operator Ross Miller keeps his metre luxury motor yacht Aroona. Ross Miller : We do day-trips and we do week-long trips.

It holds up to nine guests, and five crew. I can take you down and have a look if you want. Come on down the stairs.

Cathy Van Extel : Ross Miller runs private reef charters for high end tourists, mostly from the US and Europe but he's getting more Chinese customers.

He has mixed feelings about the Aquis development. Ross Miller : I'm sure the resort will boost our business.

I'm sure something like Aroona will certainly benefit. And Yorkeys is quite a sleepy quiet town. It's a little bit daunting, the size of the resort, that's for sure, and a little concern of some of the infrastructure and other things.

There's certainly a lot of worry about the town, you know, can Cairns handle something of this size. What happens to our water rates, what happens to the supply of water?

Can we supply enough water to the numbers they're talking about? And then you go, well, what about the highways? You know, you try and drive through the traffic now in the mornings to Cairns and it's bumper to bumper.

So what's in place in planning and going to happen to make sure that things will flow smoothly with this many people coming into Cairns? Cairns tourism ad : As one of Australia's most popular holiday destinations, Cairns is well set up for visitors, with a picturesque harbour, air conditioned shopping malls and classic Australian pubs….

Cathy Van Extel : Tourism is central to the Cairns economy. As the gateway to world heritage reef and rainforest, the city attracts more than two million visitors a year.

But Cairns has struggled since the tourism downturn. Bob Manning : All boats rise on an incoming tide. I expect to that to happen around our city, that we're going to see everything lift up on this.

I think there is good in this for everybody. There will be some issues that may be contentious, there may be some issues we're going to struggle with a little bit, but this is part of growing pains.

Much, much prefer to have growing pains than going the other way. Cathy Van Extel : If the mega resort goes ahead, Cairns will experience a population explosion.

Aquis has plans to employ 20, resort staff, and together with their families the population is expected to increase by a whopping 50, That's like adding another city the size of Gladstone, all in less than a decade.

On top of that, the resort forecasts a million extra visitors a year. Aquis Aware president Pam Bigelow predicts there will be costly problems.

Pam Bigelow : We'll have massive impacts on housing, water, sewerage, waste transfer, road access, traffic are all issues that haven't been dealt with adequately in the EIS and we have no idea of who's going to pay for those.

We're very close to being short on water. Even though we get a lot of rain here, it's the capture that isn't there to provide sufficient water for a massive increase in population, about by 50, people.

A high-end luxury facility with more hotel rooms than Surfers Paradise also will obviously use a lot more water. Cathy Van Extel : Much of the responsibility for managing the massive infrastructure challenges will rest with the Cairns Regional Council which has employed a large consulting firm to handle the project.

Bob Manning : I suspect that there won't be one part of the operations of this city which isn't effected in some ways, whether it's schools, whether it's police, whether it's health services, whether it's buses, whether it's the corner store.

And I suspect that some of that will take a little bit of time to work through. Cathy Van Extel : The council has endorsed the project in its submission to the Queensland Coordinator General who will recommend whether the Aquis resort should go ahead.

Unlike others who have made their submissions public, the council is keeping its response private. The Mayor denies the council has something to hide.

Bob Manning : The Coordinator General will not be posting them on their website. They're being kept confidential until he's made his report to the government.

Cathy Van Extel : But have you been requested by the Coordinator General not to release that? That's a decision you've made?

Bob Manning : That's his decision on his website. Now, if we were then to release what he's keeping confidential, that would prejudice his work.

We have put out a community statement whereby we've at least got something out there telling people what's going on. Cathy Van Extel : Do you understand that people naturally wonder what you're not releasing, what you're hiding by not making that public?

Bob Manning : Cathy, I will come back to what I said before, we would make anything available to people. We've got nothing to hide here.

We are simply following a process, you know, it's part of a process. Cathy Van Extel : The council's community statement says there's a need for further information about housing and infrastructure and the cumulative impacts of the resort development.

Bob Manning says the council is looking to bring forward its plans to deal with population growth. Bob Manning : We've been working now for about five or six months on our water strategy and we would expect to release our initial report on that about November of this year.

We are very much looking at a new supply and so we're in discussions now with the state government and with the federal government. Cathy Van Extel : So you're indicating there that you believe these infrastructure hurdles can be dealt with, then the question is, well, who ends up paying for it and how much of the burden is likely to land with the ratepayer?

Cathy Van Extel : Well, Cathy, bear in mind it's capital works so it's works that will be funded either by ourselves, the state or by Aquis, and if it's our funding it'll probably be done as part of borrowings.

Our financial position as a council is very, very strong and we've accommodated Aquis within this to the best of our ability.

I don't expect us to be passing on any burden to ratepayers. Cathy Van Extel : Bob Manning isn't ruling out the possibility of rate rises, and for now there are very big questions about who'll foot the bill for major infrastructure upgrades.

The mayor wants a cost sharing arrangement between council, the state and Aquis. Neither the developer nor the Newman government is willing to make any public commitments on infrastructure.

Queensland's State Infrastructure Minister Jeff Seeney didn't respond to Background Briefing 's request for an interview, but visiting the Aquis site in July he gave strong support for the project:.

Jeff Seeney : Our government is very keen to do everything we can to make sure that this proposal does become a reality.

Cathy Van Extel : Mr Seeney says a range of government departments are assessing the potential impacts of the project. He had this say when asked whether the developers would be required to chip in for infrastructure.

Jeff Seeney : They are all valid questions that will be addressed in the approvals process, both in state approvals process and probably more particularly in the DA process through the council.

Cathy Van Extel : Helga Biro is a social worker in Cairns who understands just how badly the city needs an economic boost that a major project like Aquis could deliver.

Helga Biro is the Executive Director of Centacare Cairns and she welcomes the prospect of new jobs. Helga Biro : We imagine that there will be a flood of people brought in, and hopefully locals will be employed in the building of this, but with that additional amount of people, there's already over 2, homeless people here, it will put a strain on the lodging infrastructure.

Helga Biro : I can understand people's enthusiasm about the economic benefits, especially in a town that has got a high unemployment rate.

We're always seeking to find better ways to keep people employed. You know, our city economic people are constantly looking at diversity so that we're not so reliant upon the tourism industry.

I'm just not sure the economic benefit is going to outweigh the possible…the potential social disadvantage that a casino could bring.

Cathy Van Extel : Helga Biro's concerns are shared by the Chief Executive of Clubs Queensland Doug Flockhart. Doug Flockhart : Any entrepreneur or any large project always sells the dream to the community with all the positives.

It would be good for Cairns, it would create more jobs, more infrastructure and everything that goes with that.

So they're all the positives. But often we're like rabbits in the headlights that we don't look beyond the headlines and delve a little more deeply.

Cathy Van Extel : A key element of the Fung's business case for the resort is attracting some of the world's gambling elite.

The most sought after are known as 'whales', capable of wagering millions in a session. Doug Flockart is sceptical about Aquis' ability to attract these high rollers in big enough numbers.

Doug Flockhart : It's extremely competitive, vying for that market, whether it be a high roller, you know, at the top end, or a middle to low market, I would suggest it's extremely competitive and getting more so given the new casinos that are being built in Manilla and all around that Asia Pacific area.

Cathy Van Extel : There are multi-billion dollar integrated resorts planned across Asia over the next five years. In Macau alone, six are due to open by Queensland has plans for three multi-billion dollar integrated resorts, in Brisbane, on the Gold Coast, as well as Cairns.

Doug Flockhart : We don't have the populace, for example, that Macau has with an adjoining border of China where , people cross the border every day to gamble.

So what it means is we've got to bring them here, either as tourists or specifically to gamble. Again, when you look at the math and you look at the competition by way of the growth in the Asia Pacific rim with new casinos that are on the board and the existing casino offers, you've got to ask yourself pragmatically are people going to travel the extra distance or not.

And our investigations suggest not. Cathy Van Extel : Cairns is the closest western city to China. Tony Fung believes the seven-hour flight from Guangzhou is short enough to encourage people to travel just to Cairns.

Tony Fung : That makes a difference between coming over once a year or three times a year. That makes a difference in the mindset of even coming down for a long weekend, and we certainly are going to market our resort as part of the Asia Pacific region.

The Fungs say the resort can't go ahead without a casino licence, so, as insurance, they've engineered a friendly takeover of the small Reef Casino in the Cairns CBD.

If they don't get the new Cairns casino licence that's on offer, the Fungs will try to transfer the Reef licence to the Yorkeys Knob site.

Justin Fung says having the Reef Casino will help fast-track the Aquis project and build momentum for its opening. Justin Fung : When we have the opportunity to acquire the Reef, to start our training, to start building our clientele, to become familiar with the area, to start bringing flights in, bringing in our casino operation staff that might be able to assist with getting international clients, all of these things, creating the Aquis brand name early and getting people training appropriately, these are really important, as opposed to developing the Aquis site and opening on day one cold.

Cathy Van Extel : The Fungs' plan is to build up a significant VIP clientele by first targeting low to medium spending high rollers, bringing them to Cairns Reef Casino while Aquis is being built.

If Aquis gets up and the high rollers come, they are going to have to lose a lot of money for the project to succeed.

Sudhir Kale is a consultant for Macau Sands, one of the biggest casinos in the world. He's an expert in casino management and has crunched the Aquis numbers.

Justin Fung confirms those numbers, but he says it's achievable based on the projected growth in Chinese tourist numbers to Australia. Justin Fung : It sounds ambitious when you say it like that, but with what we see the market being in the coming years, we don't think that we're being overly ambitious.

We think we're being quite reasonable. Cathy Van Extel : Aquis intends to generate the bulk of its casino revenue from international visitors, both high rollers and other tourists.

It's a business model no other Australia casino has ever been able to make work. Sudhir Kale : Nowhere in Australia has there been a situation where a casino depends on overseas visitors or even interstate visitors for its bread and butter.

Aquis will be a very interesting experiment, if you will, and a fairly large-scale experiment where they are targeting overseas visitors for the bulk of their revenue.

Cathy Van Extel : It's an experiment that is likely to fail with disastrous consequences for Cairns' residents, according to anti-gambling campaigner Tim Costello.

In the industry it's known as the grind. Tim Costello : The truth is that people who are locals, particularly those within a kilometre radius are the ones who play at the casino, and they play pokies much more than the tables.

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