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HK developer plans to turn Cairns into new Macau

A$8.15b casino resort in the gateway to the Great Barrier Reef will be bigger than S'pore's two integrated resorts put together
Friday, June 6, 2014 - 06:00
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Gambling on gambling: The Hong Kong developer of the Cairns casino resort faces competition across the region as investors locked out of Macau plan new resorts from Sri Lanka to South Korea, the Philippines and Japan. - PHOTO: BLOOMBERG

[SYDNEY] Once a stop on the hippie trail, Cairns is now a haven for backpackers and divers. By 2019, Tony Fung predicts it will be a gambling destination to rival Macau. The Hong Kong property developer last week won early-stage government backing for plans to build an A$8.15 billion (S$9.5