Chinese Battling Australia’s Richest Man for Casino License Down Under

Australia 4Forbes – Already investing billions in the housing market down under, China’s real estate developers are preparing to go head to head with Australia’s home-grown gaming giants, including a company run by its richest man, to build casinos in the heart of one of the country’s largest cities.

The winner of the bidding process will get the chance to develop a six-star multi-billion dollar casino project at Queen’s Wharf in Brisbane, the largest city in Queensland state, and the right to profit from the boom in Chinese visitors and their love for gambling.

Shanghai government-backed developer Greenland Group, which already has several housing projects in Sydney and Melbourne, as well as a joint proposal involving the billionaire boss of Hong Kong’s New World Development, are among four bidders shortlisted to secure the potentially lucrative casino deal in the northern Australian state.

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