{"id":59494,"date":"2017-09-26T17:00:16","date_gmt":"2017-09-27T00:00:16","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=59494"},"modified":"2017-09-26T17:37:36","modified_gmt":"2017-09-27T00:37:36","slug":"chinese-consortium-asf-threatens-sue-queensland-government-rebuffed-casino-bid","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/chinese-consortium-asf-threatens-sue-queensland-government-rebuffed-casino-bid\/","title":{"rendered":"China’s ASF Threatens to Sue Queensland Government Over Rebuffed Casino Bid"},"content":{"rendered":"

The Chinese-backed ASF Consortium has said it is seeking a \u201csuitable and equitable solution\u201d to the government of Queensland, Australia\u2019s<\/a> decision to jettison its $2.4 billion project on the Gold Coast, a popular tourist destination.<\/p>\n

\"ASF
ASF director Louis Chien wondered why the Queensland government would go against its own consultation results and the will of the majority in ditching the Gold Coast Casino project. (Image: Gold Coast Bulletin)<\/figcaption><\/figure>\n

Failing that, it will sue, it said this week.<\/p>\n

The news comes as ASF delivered its annual report, which revealed it lost around $9.5 million pursuing the project during the last financial year alone, a sum that has been \u201cfully written off,\u201d it said. The consortium posted a \u00a315 million loss for the year as a whole.<\/p>\n

The Queensland government sensationally and unexpectedly dumped the casino project August 1, just days after Caesars Entertainment<\/a> had come on board as operator of the proposed resort, despite ASF having received \u201cpreferred proponent\u201d status from the government four years ago.<\/p>\n

The project also had the backing of the local populace, by a 54 to 42 percent margin, with 4 percent undecided.<\/p>\n

No Tall Buildings \u2026 Like Central Park<\/strong><\/h2>\n

Queensland Premier Annastacia Palaszczuk said her bombshell decision was based on listening to the voices that wanted the area to be conserved for future generations and the conviction that the five hotel towers ASF envisaged would spoil its natural beauty.<\/p>\n

“This is a unique site \u2026 the equivalent to what Central Park is to New York. It should be preserved for generations,” she said, perhaps not realizing that Central Park is surrounded by many very tall buildings.<\/strong><\/p><\/blockquote>\n

The ASF consortium promised that the development, which was to be built on a peninsula known locally as \u201cthe Spit,\u201d would create 4,100 construction jobs and a further 9,100 direct and indirect positions, while offering the Gold Coast \u201cwidespread economic benefits.\u201d<\/p>\n

Contradictory Decision<\/strong><\/h2>\n

\u201cThe State asked for an \u2018iconic\u2019 Integrated Resort Development to \u2018put the Gold Coast on the world stage as an international tourism destination,\u2019 to lift \u2018the Queensland economy\u2019 and \u2018provide confidence to invest in the Gold Coast,\u2019\u201d complained ASF director Louis Chen in an op-ed for the Gold Coast Bulletin last month.<\/p>\n

\u201cThe State\u2019s decision to terminate the project contradicts its own objectives for the community,\u201d he wrote. \u201cWe are left wondering why the Queensland Government would go against its own consultation results, turning its back on a viable project and the will of the majority.\u201d<\/p>\n

On Tuesday, Chien told the Australian Associated Press that if negotiations were not able to progress in a “a timely and fair manner,\u201d ASF would be \u201cleft with no alternative than to commence legal action.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The Chinese-backed ASF Consortium has said it is seeking a \u201csuitable and equitable solution\u201d to the government of Queensland, Australia\u2019s decision to jettison its $2.4 billion project on the Gold Coast, a popular tourist destination. Failing that, it will sue, it said this week. The news comes as ASF delivered its annual report, which revealed […]<\/p>\n","protected":false},"author":42,"featured_media":59495,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,61],"tags":[],"acf":[],"yoast_head":"\nChinese Consortium ASF Threatens to Sue Queensland Government Over Rebuffed Casino Bid<\/title>\n<meta name=\"description\" content=\"ASF\u2019s dream of a Gold Coast Casino in Queensland, Australia cost it $12 million last year but government rejection left it with nothing to show for its efforts.\u00a0\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Consortium ASF Threatens to Sue Queensland Government Over Rebuffed Casino Bid\" \/>\n<meta property=\"og:description\" content=\"ASF\u2019s dream of a Gold Coast Casino in Queensland, Australia cost it $12 million last year but government rejection left it with nothing to show for its efforts.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/chinese-consortium-asf-threatens-sue-queensland-government-rebuffed-casino-bid\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-27T00:00:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-09-27T00:37:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/09\/e2c0ef0e03caa9b376a8197cc9cb0854.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"366\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/chinese-consortium-asf-threatens-sue-queensland-government-rebuffed-casino-bid\/\",\"url\":\"https:\/\/www.casino.org\/news\/chinese-consortium-asf-threatens-sue-queensland-government-rebuffed-casino-bid\/\",\"name\":\"Chinese Consortium ASF Threatens to Sue Queensland Government Over Rebuffed Casino Bid\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/chinese-consortium-asf-threatens-sue-queensland-government-rebuffed-casino-bid\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/chinese-consortium-asf-threatens-sue-queensland-government-rebuffed-casino-bid\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/09\/e2c0ef0e03caa9b376a8197cc9cb0854.jpg\",\"datePublished\":\"2017-09-27T00:00:16+00:00\",\"dateModified\":\"2017-09-27T00:37:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"ASF\u2019s dream of a Gold Coast Casino in Queensland, Australia cost it $12 million last year but government rejection left it with nothing to show for its efforts.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/chinese-consortium-asf-threatens-sue-queensland-government-rebuffed-casino-bid\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/chinese-consortium-asf-threatens-sue-queensland-government-rebuffed-casino-bid\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/chinese-consortium-asf-threatens-sue-queensland-government-rebuffed-casino-bid\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/09\/e2c0ef0e03caa9b376a8197cc9cb0854.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/09\/e2c0ef0e03caa9b376a8197cc9cb0854.jpg\",\"width\":650,\"height\":366,\"caption\":\"ASF director Louis Chien wondered why the Queensland government would go against its own consultation results and the will of the majority in ditching the Gold Coast Casino project. 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