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
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[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 billion) casino resort on a former sugarcane farm north of the town.
With targeted first-stage completion in late 2018 and 7,500 hotel rooms around an artificial lagoon, 18-hole golf course and water park, it'll nearly triple the region's hotel accommodations and be bigger than Singapore's two integrated resorts put together.
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