Queensland continues to attract international investor interest in its casino market and is expected to see progress in new licenses being issued this year, though sentiment towards the market as a whole is lacklustre amidst flat revenue and rising regulatory pressure.
Plans to develop a global tourism hub, including a casino, in the town of Cairns have moved a step closer, with the project proceeding to the public consultation stage. The favored spot for the tourism hub is at the Cairns City Port precinct, noted Tourism Industry Development Minister Kate Jones.
However, she said that while the project is an exciting proposition for the region, the government would not proceed without feedback from locals.
“We’ve seen the benefits of the $3 billion Queen’s Wharf Brisbane project and a global tourism hub in Cairns would deliver much needed tourism infrastructure for North Queensland,” she said.
The project is expected to include six-star hotels, apartment...
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.