ASF Group

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    Queensland is set to kick start its efforts to establish new IRs in the state four years after a previous round of bidding ended with little progress. The Queensland state government is set to invite investors in late July or August to register their interest in the development of a new large-scale integrated resort with […]

    Investment restrictions could spell trouble for ASF Group

    Uncertainty surrounds the ASF Group’s bid to develop an integrated resort in Gold Coast after new restrictions on foreign investment were announced by China’s government earlier this month. According to the Gold Coast Bulletin, a key funding partner of ASF Group – state-owned China State Construction Engineering Company, is just one of the potential investors […]

    Queensland yet to do due diligence on ASF project

    The Queensland government has yet to do the due diligence on the finances of the ASF Group, a China-backed consortium building a $3 billion integrated resort on the Gold Coast, the Gold Coast Bulletin reported. The Office of the State Department has done some “preliminary financial due diligence” the newspaper said, but the Office of […]

    ASF Consortium still looking for partners

    ASF Consortium is still yet to secure major partners for its $3 billion integrated resort development planned for The Spit in Queensland, Gold Coast Bulletin reports. The consortium said it was still searching for a “tier one” casino operator and “at least one other cornerstone entity”, despite a detailed submission for the project due to […]

    ASF Group submits plans for apartment tower in Gold Coast, near proposed casino

    Australian-listed ASF Group, has submitted its plans for a 66-storey golden apartment tower, located just minutes away from its proposed casino resort at Main Beach at the Gold Coast, The Australian reports. The Chinese backed company, which originally submitted a $6.5 billion proposal to develop a casino resort and cruise ship terminal on Wavebreak Island, […]