Friday, May 30, 2014

Don't get too excited about the job prospects

The Deputy Premier Jeff Sweeney's announced that aquis had been given the green light people are asking "where is the EIS report", we were told that it would be availble in December 2013 then January 2014, February, March, April, May and now June 2014.
Why are there delays in this report and it's interesting to note that the State Government hasn't received the report up till early last week according to Mr Fung's statement in the Cairns Post.
This is part of the report in the Cairns Post May 29, 2014:


The interesting part of this article is:

people are getting over excited about the job prospects and if the article link below has any substance then they might be bitterly disappointed. 
Click on the link below:

http://m.smh.com.au/federal-politics/political-news/free-trade-agreement-china-wants-to-send-workers-into-australia-20140415-zquve.html?skin=dumb-phone

Chinese President Xi Jinping will attend the G20 meeting and it is believed that imported labour and investment remain the two obstacles in signing off on a deal.
Prime Minister Tony Abbott has already changed his previous opposition to Chinese state-owned businesses investing in Australia and signalled he would offer these enterprises special treatment by removing or changing the requirement that all investments have to be approved by the Foreign Investment Review Board.

Another statement made by Justin Fung in Cairns Post (May 29, 2014):
Again people are disappointed that very little if any community consultation has been held, there was two display centres, one at Cairns Central and the other at the shopping centre at Yorkeys Knob and if you visited one centre then the other you would not get the same reply or they didn't know the answer to the question.
If the businesses in Yorkeys Knob think that this project is going to boost their sales well they should think about what is going to be built into this project.
They will have "everything" at their finger tips and will not require them to go to the local store.
Justin Fung was on John McKenzie's talkback programe today so I have included that discussion for those who didn't hear it on radio, during the discussion Justin Fing seemed vague on some of his responses.

Comment from facebook page:

More twaddle from the Cairns Post. Their lack of real investigative journalism on this is quite unbelievable. No wonder their print sales are declining. The Govt’s own media releases point out that binding documentation for these integrated resort projects is not expected to be finalised till 2016 let alone construction starting next year in 2015! See the ‘frequently asked questions’ at 


Not worth worrying about anyway…Anyone even vaguely familiar with the economics of casinos and integrated resorts knows this supposed $8bln project will never happen. It’s a financial fantasy. The developer, Fung, has no experience whatsoever with the casino industry or projects of this dimension. A project this size would already have announced world-leading architects, a major construction firm, an experienced hotel and casino operator(s) and global financial advisers and arrangers. We have seen none of this here and there is absolutely no evidence whatsoever Fung even has the financial capacity to undertake this project.

It appears the Fungs, by promising this Yorkey’s fiction, are simply trying to steamroll the probity screening process to get their hands on the CBD eef Casino with as few questions asked as possible. And like a mirage Aquis will then slowly but surely disappear once the developer has used this development/economic stimulus/employment bait to get the OK to obtain the Reef Casino licence.


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