Queens Wharf Casino Agreement: An Overview
Queens Wharf is a premier destination in Brisbane, Australia, located along the Brisbane River. It is known for its iconic landmarks, including the Story Bridge, the Brisbane City Botanic Gardens, and the South Bank cultural precinct. Recently, the Queensland government announced plans to build a new integrated resort and casino complex on the site, to be operated by the Star Entertainment Group.
The Queens Wharf Casino Agreement is a legal document between the Queensland government and the Star Entertainment Group, outlining the terms and conditions for the development of the integrated resort and casino complex. The agreement was signed in 2015, and construction of the complex is currently underway, with a projected opening date of 2022.
The Queens Wharf Casino Agreement is a complex document, covering a wide range of issues related to the development and operation of the complex. Some of the key provisions of the agreement include:
1. License to Operate: The agreement grants the Star Entertainment Group a license to operate the integrated resort and casino complex for a period of 99 years. The license includes exclusive rights to operate table games, electronic gaming machines, and sports betting in the complex.
2. Investment: The Star Entertainment Group is required to invest at least $2 billion in the development of the complex, including the construction of hotels, restaurants, and other amenities. The government has provided some financial incentives to encourage this investment, including tax concessions and incentives for local employment.
3. Regulatory Framework: The agreement establishes a regulatory framework for the operation of the complex, outlining the policies and procedures that must be followed to ensure the safety and wellbeing of patrons and employees. This includes provisions related to responsible gambling, anti-money laundering, and security.
4. Community Benefits: The agreement also includes provisions related to the social and economic benefits of the complex for the local community. The Star Entertainment Group is required to provide a range of community benefits, including job opportunities, training programs, and contributions to local charities and community organizations.
5. Environmental Sustainability: The agreement also includes measures to promote environmental sustainability and conservation in the development and operation of the complex. This includes requirements for energy efficiency, water conservation, and waste reduction.
In conclusion, the Queens Wharf Casino Agreement is a comprehensive legal document that outlines the terms and conditions for the development and operation of the new integrated resort and casino complex in Brisbane, Australia. It covers a wide range of issues, including investment, regulation, community benefits, and environmental sustainability. With construction underway, it is expected that the complex will provide significant economic and social benefits to the local community, while also promoting responsible gambling and environmental conservation.