Star Sells Off Brisbane’s Queen’s Wharf to Hong Kong Partners

Star sells off Brisbane’s Queen’s Wharf to Hong Kong partners

The embattled gaming company has completed a $53 million deal to offload the glitzy Brisbane complex.

Star completes sale of Queen's Wharf stake to Hong Kong partners

Star Entertainment confirms it has relinquished its stake in the Destination Brisbane Consortium to Hong Kong partners Chow Tai Fook Enterprises and Far East Consortium.

Star Entertainment paid a pittance to run its Brisbane casino

The embattled gaming group has finalised a deal to sell its stake in Queen’s Wharf to Chow Tai Fook and Far East Consortium and manage it for a small fee.

Far East, CTFE Complete Buy of Queen's Wharf Brisbane Casino

More than a year after agreeing to take over a Brisbane casino project from a troubled gaming operator, Far East Consortium and Chow Tai Fook Enterprises have taken full ownership of the A$3.6 billion ($2.5 billion) development after guaranteeing the... Read More>> The post Far East, Chow Tai Fook Complete Takeover of $2.5B Queen’s Wharf Brisbane Casino appeared first on Mingtiandi.

The Star offloads 50% stake in Queen’s Wharf Brisbane to joint venture partners CTFE and FEC

Australia’s The Star Entertainment Group has finally managed to offload its 50 percent interest in Queen’s Wharf Brisbane to its joint venture partners, relieving the company of significant financial pressure.   The post The Star offloads 50% stake in Queen’s Wharf Brisbane to joint venture partners CTFE and FEC first appeared on Asia Gaming News | AGB - Asia Gaming Brief.