Casinos given thumbs up for Queensland, proposals sought

Brisbane CBD's government precinct redevelopment could open the way up for a new casino, new hotels and retail outlets, with proposals to be sought through an Expression of Interest process.

Premier Campbell Newman has said that they are aiming for a landmark development to position the city as an international destination.

“The redevelopment of the precinct presents a once in a generation opportunity for Brisbane and the Government has considered a range of development scenarios for the precinct,” Newman said.

“Market sounding has indicated the best outcome for the precinct and for the protection of heritage sites will be achieved through an integrated development.”

The redevelopment could include six star hotels, retail outlets, restaurants, entertainment zones, theatre and convention facilities and new open spaces.

“The Government has decided that a casino licence will be offered in the EOI process to encourage the provision of a world class integrated development in Brisbane’s CBD,” he said.

Two other casino licences are also under consideration for major integrated resort developments in other parts of Queensland.

“The Government believes Queensland can sustain up to three new integrated resort casinos and believes there would be strong interest in other parts of the state,” Newman said.

Deputy Premier Jeff Seeney said that the Expressions of Interest would be going to market by the end of 2013.

“Integrated developments including casinos have proven their ability to increase visitor numbers and stays elsewhere in the world,” Seeney said.

Pointing to Singapore's foreign visitor numbers having declined in 2008 and 2009 to then see a more than 20% uptick as a result of two integrated resorts with casinos in 2010, he said that he expects similar benefits for Queensland.

“There is no doubt a project of this scope and size holds enormous potential for the development and tourism sectors, for the residents of Brisbane and visitors to the city," he said.

A draft Queensland Casino Policy will be released for public comment.