Billionaire Aquis Entertainment boss Tony Fung has bought the Sheraton Mirage on the Gold Coast for $160 million. The gaming giant reportedly has plans to turn it into a casino resort.
“The Gold Coast is one of those rare destinations that enjoys instant recognition throughout Asia,” Mr Fung told the Cairns Post. “But it has yet to reach its full potential.”
This latest acquisition brings Mr Fung’s spending total to $280 million on the Gold Coast. However, he is best known for his $8.15 billion Aquis Great Barrier Reef casino resort project in Cairns.
Reports have speculated that Mr Fung hopes to lure China’s most affluent tourists to Queensland.
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