Planning Approval - Coomera landholding

As announced earlier today by its parent company Coast Entertainment Holdings Limited, Dreamworld is pleased to confirm that the development application in relation to its Coomera landholding (Site) - lodged in September 2023 and called-in by the Queensland Deputy Premier and Minister for State Development, Infrastructure and Planning (Minister) under the Planning Act in October 2025 - has now been approved.

The approval includes conditions relating to vegetation clearing, bushfire management, stormwater and flood management, the assessment and mitigation of traffic impacts, noise attenuation and koala habitat management. These are consistent with those previously discussed with the State Government throughout the process.

The approval supports the strategic expansion of the Site as a major tourist destination, enabling an expanded mix of complementary land uses through the establishment of the Dreamworld Development Code, while maintaining the existing tourism development rights in full. The Site — comprising Dreamworld and WhiteWater World, along with significant undeveloped land — is a 55-hectare freehold landholding, ideally positioned alongside the Pacific Motorway and adjacent to the Coomera Town Centre (refer attached precinct plan).

The proposed development establishes four core land use precincts:

1. Major Tourism Core – Includes the existing Dreamworld and WhiteWater World theme parks;
2. Nature-Based Tourism Precinct – Enabling low-impact eco-tourism developments, including viewing platforms, eco-tourism cabins and boardwalks;
3. Gateway Precinct – An extension of the existing theme parks, providing for a range of complementary uses (which may operate independently) such as a hotel, offices, childcare, short-term accommodation, hospitality, sport and recreation, and entertainment venues; and
4. Town Centre Transition Precinct – Uses that support and reinforce town centre activities, including bar, educational establishment, health care services, multiple dwelling (high density residential), office, retirement facility and rooming accommodation.

This outcome represents a significant milestone and now provides greater certainty regarding the future use and development potential of the land — something that has remained unresolved for many years.

The Coast Entertainment Board and Dreamworld management acknowledge the constructive engagement with the Queensland State Government and City of Gold Coast Council, and thank the Deputy Premier for his leadership in progressing this matter to resolution. This decision reflects confidence in the Company’s vision for the Site and its potential to contribute meaningfully to the growth of the Gold Coast and South-East Queensland visitor economy, aligned with the State Government’s long-term vision for the region.

Coast Entertainment is optimistic about the potential value uplift this decision may unlock for its shareholders, as well as the opportunities that will open up for the Gold Coast region and Queensland more broadly.  The Company has commissioned an independent valuation of the Dreamworld business and surrounding freehold landholdings and will provide further updates once this process is complete and as development pathways are progressed.

Neither Coast Entertainment nor Dreamworld have made any decisions, nor entered into any commitments or arrangements, regarding the proposed use of the Site and will carefully assess all options to deliver the best outcomes for shareholders and stakeholders. 

Commenting on the approval, Coast Entertainment and Dreamworld Chief Executive, Greg Yong, said:

"The approval of our Coomera landholding is a genuinely exciting outcome — not just for our shareholders, but for the Gold Coast and Queensland more broadly. This decision creates a clear pathway for future value creation while laying the foundation for a landmark precinct that will help shape this part of the region for generations.

“The scale of what is possible here is significant. We are situated at the heart of the southern hemisphere’s largest theme park destination, surrounded by a rapidly growing residential community, a burgeoning industrial and marine sector, and the emerging Coomera health precinct. Combined with a shortage of quality hotel accommodation between the northern Gold Coast and Brisbane, and momentum building towards the Brisbane 2032 Olympic and Paralympic Games, we believe this represents one of the most compelling mixed-use development opportunities in the country.

“This is positive news for our community — for local residents, who will benefit from new amenity; for our team, whose opportunities will continue to grow; and for future residents, with the potential to deliver much-needed housing close to heavy rail. The broader northern Gold Coast economy, which will increasingly require the services and infrastructure this growth supports, also stands to benefit.

“Our sincere thanks go to Premier David Crisafulli, Deputy Premier Jarrod Bleijie, Minister Andrew Powell, and our local Member for Theodore, Mark Boothman MP. We welcome the Queensland Government’s support for private investment that helps drive sustainable growth.

“Mayor Tom Tate and Deputy Mayor Mark Hammel have long been advocates for the northern Gold Coast. Their vision — and early support in referring this application to the State Government — helped lay the groundwork for today’s outcome. We thank them for their leadership.”

About Coast Entertainment Holdings

Coast Entertainment Holdings Limited (Company) is a leading Australian leisure and entertainment operator, home to some of the Gold Coast’s most iconic attractions, including Dreamworld (Australia’s largest theme park), WhiteWater World, and the SkyPoint Observation Deck and Climb.

The Company’s assets are located in Coomera, South-East Queensland — a region experiencing strong population growth and significant infrastructure investment in the lead-up to the Brisbane 2032 Olympic and Paralympic Games. The Company supports more than 1,000 jobs on the Gold Coast and has invested over $180 million into its operations over the past seven years, including the introduction of the Rivertown precinct, new rides such as King Claw — the largest gyro swing in the southern hemisphere — and a range of new attractions and guest experiences.

The Company is listed on the Australian Securities Exchange under the ticker ‘CEH’.