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Gold Coast Integrated Resort Development

20 December 2016

ASF Group Limited (“ASF”) being the sole proponent for the Gold Coast Integrated Resort (“GCIR”) project has in recent months continued to work through the GCIR plan with the Queensland Government.

The proposed GCIR development (see attached proposed Design renders) will include a world-class casino, three branded five and six star hotels, signature restaurants, theatres, shows and entertainment, luxury and boutique retail precincts, serviced residences and meeting and conference facilities. The GCIR will also address the community concerns and develop a traffic solution, which is scalable and will deliver legacy infrastructure for the Gold Coast.

Mr Louis Chien, director of ASFC said “We are committed to working as closely as possible with the Queensland Government, City of Gold Coast and the community to create this global waterfront destination. This $3 billion project will deliver a world-class waterfront destination that provides an immediate and ongoing economic boost and over 10,000 jobs for the Gold Coast, with benefits flowing across Queensland.”

”With construction likely to occur after the Commonwealth Games, this will deliver ongoing buoyancy to the region, ensuring local jobs are retained. The project will also attract a projected 1.5 million additional tourists to the Gold Coast annually.” Mr Chien said.