News

Casino aspect sets back Tower Holdings' plans 12 months

Fisherman Bay Hotel
Fisherman Bay Hotel

THE odds for an international standard casino on Great Keppel Island shortened yesterday.

Tower Holdings' Great Keppel Island redevelopment was yesterday named as one of six expressions of interest for two new integrated resort developments with gaming licences in regional Queensland.

CEO Terry Agnew said the casino aspect had set plans back 12 months but he was confident Great Keppel Island would secure one of the licenses.

Deputy Premier Jeff Seeney announced the short-list for three proposed integrated resorts, one at Queens Wharf in Brisbane and two in regional Queensland.

On the same day, Tower Holdings also named Greg Norman as the Great Keppel Island project's official ambassador.

Norman was in Brisbane yesterday with Mr Agnew to announce a global campaign looking for investors for their $600 million redevelopment.

Along with Norman's Great White Shark Enterprises, Tower Holdings engaged global agents Jones Lang LaSalle to source international investors and investment bank, Moelis and Company as lead financial advisor.

Mr Agnew said he anticipated it would take four to six months to finalise investment with work on the resort starting in the second half of next year, whether or not a casino license is granted.

Other locations being considered along with Tower Holdings proposal are at Yorkey's Knob, north of Cairns, Airlie Beach, the Proserpine area and the Gold Coast.

Mr Seeney said it was important to understand the government was looking for world-class proposals that meet the state's objectives and requirements for Integrated Resort Developments.

"These resorts will be drawcards for both international and domestic visitors and provide employment for thousands of Queenslanders," he said.

"Despite their enthusiasm, not all of the proponents listed today will receive a licence."

The list of development consortia will be further refined later this year when the process enters the Request for Detailed Proposals stage.

A decision on the licences is expected by mid-2015.

Topics:  casino, great keppel island, tower holdings




Discounted Rockhampton rates due date arrives

Rockhampton Regional Council's discounted rates are due tomorrow.

Rocky's discounted rates due date is soon

VIDEO: Paving the way in Quay St

Mayor Margaret Strelow looking at the laying of sandstone pavers on Quay Street.

Sandstone pavers are being laid as a footpath on Quay Street

Miles points to science to call for land clearing laws

New research reveals more information on stresses to the Reef

Latest deals and offers

Six decades of love celebrated

ALAN Bradshaw and Yvonne met when Yvonne (Henkel) was 16 years old; her father George Henkel invited Alan to her birthday party in Mount Morgan.


Get Set for Summer!

Win One of Ten Prize Packs
Learn More

Fishermen reel in a Classic catch

Jackson Slack with 2.2kg Coral Trout and 4.1kg Sweetlip at the Tight Lines Fishing Classic on Friday.

Fishermen line up to weigh-in big catch for Coast Guard Yeppoon

Taylor Swift dismissed from jury duty

Taylor Swift was dismissed from jury duty in a sexual assault case

Zumbo's Willy Wonka hat trick trips up Queensland brickie

Adriano Zumbo and Rachel Khoo with Zumbo's floating dessert in a scene from Zumbo's Just Desserts.

NOOSA'S Michael Basset asked to recreate floating chocolate dish.

John Lennon's killer denied parole for 9th time

John Lennon

John Lennon's killer has been denied parole for the ninth time.

Mexican band takes aim at Trump

Disguised as unhinged narcotraficantes, the Mexican-American agitators of BRUJERIA captured the mood of the citys minorities with the bands infamous and widely banned 1993 debut, Matando Geros (Killing White People), quickly becoming the Spanish-language counterparts to early grindcore masters TERRORIZER and NAPALM DEATH.  Photo Contributed

'Satanic drug lord' band challenges Trump

Willy Wonka star, Gene Wilder dead at 83

A still of Gene Wilder in the 1971 film Willy Wonka and the Chocolate Factory

Social media has already lit up with tributes to the late actor.

Gladstone couple's spontaneous Gympie Muster wedding

Craig Oglesby and Brenda Strong celebrate their wedding at the Gympie Muster with punters in front of the Main Stage.

The Gympie Music Muster was the perfect place for a wedding.

Palm Lake Resort set to move in to Coast with 276 villas

Palm Lake Group has been given approval by Sunshine Coast Council to build a 276-villa over 50s resort and 120-bed aged care facility at the intersection of Caloundra Rd and Caloundra Mooloolaba Rd in Little Mountain.

New facility planned for Caloundra Rd

Warning for unit investors with price plummet prediction

The warning signs are flashing for one real estate sector in 2017 despite others performing the best they have in years and it's not going to be pretty.

One real estate sector looks set for a rocky 2017

Red hot property for sale

HOT PROPERTY: The building where Red Rooster sits on Musgrave St is for sale.

Musgrave St property up for sales

REVEALED: Pat Rafter's $18m Coast house on the market

Check out the photos of the Coast's most expensive property for sale

The "correction we had to have" in Gladstone's rentals

UPWARD MARCH: The rental vacancy rate in Gladstone has improved for the first time in more than a year, providing a confidence boost in the market.

Vacancy rates improve with signs that things are getting betterF

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia