QUEENSLAND, AUSTRALIA—One of Australia’s most iconic Great Barrier Reef islands, Great Keppel Island, is the focus of a search for investors to capitalize on the largest development approval ever secured in the area, including the country’s only island casino zoning.

The campaign to seek partners for the $1.87 billion ($AUD2B) project is spearheaded by golfing giant Greg Norman, who has designed a championship 18 hole course on the island. He was in Queensland this week to reveal the fully approved, multi-faceted luxury tourism and villa development plans.

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