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Tweet Link this Share this SYDNEY (Reuters) - A proposed A$8 billion ($6.52 billion) Aquis Great Barrier Reef Resort, backed by Honk Kong billionaire Tony Fung, was on Thursday granted regulatory approval by an Australian state planning department - clearing its first... Email Print Related Topics Lifestyle » PICTURE GALLERY
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Best of India 2014Pictures of the year: EnvironmentPictures of the year: AerialsPictures of the year: EntertainmentPictures of the year: Space» Click here for more slideshowsSYDNEY (Reuters) - A proposed A$8 billion ($6.52 billion) Aquis Great Barrier Reef Resort, backed by Honk Kong billionaire Tony Fung, was on Thursday granted regulatory approval by an Australian state planning department - clearing its first legislative hurdle.
The Queensland Coordinator-General approved the environmental design of Aquis, with the state finding the proposed project posed no unacceptable risk to the Great Barrier Reef, one of Australia's main tourist destinations.
Aquis plans to build a Macau-style casino and resort, home to 7,500 hotel rooms, theaters, conference centers and a sporting precinct with an 18-hole golf course.
The project sill needs to clear several regulatory hurdles, with the issuance of a casino license the most notable.
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