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Construction is due to begin in and is expected to take between six and 10 years. The multibillion-dollar development will stretch 10 blocks across the far end of the city, reaching from Queen Street to Alice Street and completely reshaping George Street to the river. Ms Palaszczuk would not go into greater detail on what she meant by the "financial security" comment. License this article. Play video. Echo Entertainment's multibillion-dollar development will stretch 10 blocks across the far end of the city. But the government admitted defeat in June, announcing that 1 William Street, the new Executive Building commissioned by the Newman administration, would house the government and larger public departments, meaning stakeholders were just waiting for the tick off. Like us on Facebook. Echo committed to moving its headquarters from Sydney to Brisbane if it won its bid and was seen as having more to lose, with its existing Brisbane casino expected to compete with the new one just down the road. Don't miss important news stories. Queens Wharf: what's going where Echo Entertainment has won the right to build a new Brisbane casino. The integrated resort developments were pushed by former premier Campbell Newman and his deputy Jeff Seeney, who wanted projects that would "put Queensland on the map". Three thousand jobs will be created during the construction phase, with Ms Palaszczuk saying a further jobs would continue once the project was done. The casino licences were offered as the carrot to developers to create signature resorts which would rival not just those found across the east coast, but in Asia. Brisbane casino: Echo wins bid for new mega casino. Echo widely tipped to win. Echo's win will transform Treasury into a boutique department store and hotel, with an underground shopping mall, "skydeck", five new hotels, with three to be rated six stars, a new Lyric Theatre at South Bank and a cross-river bridge to access it. Echo, which holds the city's existing casino licence at Treasury Casino, had been widely tipped to be the winning bid, but the Palaszczuk government asked for a few more months in checks, wanting, among other things, to investigate the "possibility" of retaining the George Street Executive Building, which sits in the middle of the planned project. Premier Annastacia Palaszczuk said the independent panel that made the decision, signed off by Cabinet on Monday afternoon, was impressed by the amount of public space the Echo-led bid included, plus the greater number of restaurants and the four, five and six-star hotel options. With an announcement due early , the project hit a timing bump following the change in power at the January election. David Edwards, who served as Mr Seeney's director-general and until recently continued in that role with Dr Lynham, will head up the projects for the government. Final bids were presented this month. State Development Minister Anthony Lynham, whose department takes in the casino resorts, said the project would change the face of the river city. Ms Palaszczuk said she had no qualms about stepping in as part of the government that took the project forward. Replay Replay video. Ms Palaszczuk thanked both proponents for their bid work, adding that "unfortunately" there could be only one winner. What's coming The multibillion-dollar development will stretch 10 blocks across the far end of the city, reaching from Queen Street to Alice Street and completely reshaping George Street to the river. Amy Remeikis Facebook Twitter Email.{/INSERTKEYS}{/PARAGRAPH} {PARAGRAPH}{INSERTKEYS}Queens Wharf: what's going where. The unsuccessful bid presented by rival Crown and its Chinese partners included three hotels, a rooftop the size of the Gabba football stadium, public gardens and pools and its own bridge to South Brisbane, complete with waterfall feature. The Echo win leaves the number of Queensland casinos at four, although licences for Cairns and the Gold Coast have been awarded, if developers can present the right project. It also promises "12 football fields" of public space. So this is a good announcement, it is fantastic for Brisbane and I am quite sure the people of Brisbane will embrace the new Queens Wharf development. The company's shares swung upwards in recent weeks, with investors confident the company had won the Queensland casino battle, having lost to Crown at Sydney's Barangaroo. The Sydney Morning Herald.