All go for $2.1 billion Gold Coast hotel development

An NZ$2.1 billion hotel development has been approved for the Gold Coast but won't involve more poker machines and could create thousands of jobs.

Star Entertainment group plans to add four more towers to its existing Star Grand hotel site at Broadbeach and will seek financial backing after the project was rubber stamped by government.

Premier Annastacia Palaszczuk announced the development today while hosing down fears it would involve more gaming machines.

Local residents groups as well as the state's Liberal National Party opposition had been strongly opposed to any new power machines being approved as part of the project.

"I do know (the lack of new poker machines) is very important in terms of the master plan here," the premier told reporters on the Gold Coast today.

The existing Star Hotel on the site has 1660 poker machines and during estimates hearings in July Tourism Minister Kate Jones ruled out more being approved.

Star chief executive Matt Bekier said the pre-sale of residential units in the yet-to-be-built mixed use towers would provide the primary cash injection, with 85 per cent of the apartments in the first tower already sold.

"We've been very successful with the pre-sale of apartments, which fund the hotel and resort facilities, so we'd be looking to start construction on tower two later this financial year," he said.

The towers are expected to be built in a staggered schedule with all four completed by 2028, giving the development seven towers in total.

Concept image of the Star Gold Coast after completion of the project. Source: Star Entertainment Group

The master plan allows for three thousand new hotel rooms, which Ms Palaszczuk said would especially attract Asian tourism.

"We are going to see tourism go to the next level over the next five to 10 years and Queensland is well positioned to capture the growing middle class of Asia," she said.

Mr Bekier reiterated the development needed to be more than just room space, flagging a possible need for further government approval for broader use at the site.

"This has to be an integrated resort of global appeal and in order to make that real we need to appeal to a lot of customer groups," he said.

The project will create 1800 construction jobs, with up to 3000 positions to open once the towers are completed.

Concept image of the Star Gold Coast after completion of the project. Source: Star Entertainment Group