Crown-Greenland link for casino bid

Crown Resorts is to partner with a subsidiary of Chinese based Greenland Holdings Group, to develop Brisbane’s Queens Wharf casino-resort project.

“Under the agreement, Crown will combine its experience and expertise in developing and operating large scale luxury integrated resorts with Greenland’s vast commercial and residential property development experience to form a consortium,” Crown said in a statement on Friday. “If their bid is successful, Crown and Greenland will jointly develop a luxury integrated resort at the Queens Wharf precinct, including a six-star hotel and casino.

“Crown will manage the integrated resort and will have an ownership interest in that part of the precinct. Greenland will be the exclusive developer and owner of the remaining commercial, retail and residential components of the Queen’s Wharf site.”

Rival candidate for the casino-resort, Echo Entertainment, has aligned with Hong Kong’s Chow Tai Fook Enterprises and Far East Consortium to jointly bid for the new licence.

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