Star Entertainment has confirmed that the Queensland government has signed off on the expanded masterplan for its Gold Coast resort.
The masterplan, a joint project between Star and its Hong-Kong-based partners Chow Tai Fook and Far East Consortium, will see the construction of five new hotel towers at The Star Gold Coast, four of which have been added to earlier plans.
The approval has greenlighted the four extra towers – to be built on Broadbeach Island – with permitted maximum heights of 52-74 stories, while an eight- story podium is also to be developed on the site.
“The approval of this masterplan by the Queensland Government is another significant milestone in the transformation of The Star Gold Coast as a world-class tourism asset,” said Star CEO and MD Matt Bekier. “We are great believers in the future of the Gold Coast and the significant tourism appeal of South East Queensland, both to domestic and international tourism.
“The 3000 hotel rooms and apartments would also exceed what the world-renowned Marina Bay Sands in Singapore offers and be on a scale to compare with the largest integrated resorts in Las Vegas.”
Bekier added that once the company completes its AUD3.6bn Queen’s Wharf Brisbane transformation and the Gold Coast masterplan is rolled out in full, the company will have “tourism assets across South East Queensland worth around AUD9bn ($6.6bn)”.