Plans for a new $3 billion casino and residential project have emerged which would see a parcel of land between Sea World and Palazzo Versace hotel turned into Queensland’s newest integrated resort development.
The project would be built and owned by the Chinese owned ASF consortium, and operated by James Packer’s Crown Resorts.
Plans and images of the development have yet to be released however it is understood the project will facilitate a complete redevelopment of Sea World, making it the largest theme park in Australia.
Three residential and resort towers would be built on the site along with a new bridge linking Southport to the new casino on The Spit.
It is understood that community groups are warming to the proposal as it does not include plans for a new cruise ship terminal.
ASF director Louis Chien said the company wants to deliver something truly iconic for South East Queensland.
“It will help raise the profile and the brand of South East Queensland.”
The Queensland Government has promised further community engagement as no formal plans have yet been lodged by ASF consortium.
After losing a bid to build Brisbane’s Queens Wharf Integrated Resort, Crown Casino has expanded its reach within Australia to cover Sydney, Melbourne, Perth and now potentially the Gold Coast.