A multi-million dollar casino and resort development will be built at Main Beach, the government has announced today.

The State Government and ASF Consortium have agreed to build on a five hectare site between Sea World and the Gold Coast Fishermen’s Co-Operative.

The site was part of the original land parcel released for the development of an integrated resort back in 2013. Speaking at a site inspection with ASF today, State Development Minister Dr Anthony Lynham said the process was back on track.

“I know that the Gold Coast has been waiting on this news, but it’s been important to get this right,” Dr Lynham said.

“The Government has delivered on its election commitment to protect Wavebreak Island and this valuable natural asset for generations to come.

“ASF Consortium is the sole proponent for the integrated resort development process and we’ve been working hard to keep this process moving for the jobs and economic boost it will bring the Coast.

“The Palaszczuk Government appreciates the confidence that ASF Consortium has continued to show in Queensland’s potential as a location for their proposed investment.

“I’m looking forward to seeing ASF’s detailed proposal and what is has to offer the Gold Coast and Queensland.”

Dr Lynham said the development is great news for the tourism industry and the economic development of the Gold Coast.

“Construction of a new resort development and casino will generate thousands of new jobs during construction and thousands more long term jobs and training opportunities once facilities are operating,” Dr Lynham said.

“This news can only add to the rising level of activity and excitement on the Gold Coast as it ramps up for the 2018 Commonwealth Games and the influx of visitors and global exposure it will bring.”

The next stage of the process will see the government issue a request for a detailed proposal to outline requirements and timeframes, with ASF Consortium expected to respond with a detailed master plan proposal in the first quarter of 2016.

The development is expected to include premium hotels, pools, public and entertainment spaces, a casino and food and beverage outlets run by celebrity chefs.

The announcement comes just a fortnight after the Destination Brisbane Consortium won the hotly contested right to develop Queen’s Wharf Brisbane.