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The deal falling over would leave Star saddled with those costs,
as it attempts to turn its business around with the backing of
Bally's. Financial commentator Stephen Mayne told ABC News Chow Tai Fook Enterprises and Far East Consortium appeared
to be trying to wrangle some last-minute concessions
from the Queensland government before agreeing to proceed with
their proposed bailout of the Queen's Wharf project. In a statement to the Hong Kong stock exchange, Far East Consortium said Star must repay $10 million to
the parties within 30 days of the termination, and failing that, it must transfer its third stake in the Gold Coast hotel project.
The termination notice will come into effect next
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The megaproject is one of Australia's biggest mixed-use precincts.
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A luxurious oasis in the sky boasting three breathtaking heated pools that offer views over… The owners of Queen’s Wharf precinct are in talks with Crown Resorts about a takeover of casino operations,
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This vibrant shopping and lifestyle precinct lies at the heart of
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Sunday, 17 May 2026 13:03
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A show-cause notice regarding Star’s casino license was initially postponed to December 2023 and has
since been delayed again until December this year to give the
company time to develop an internal remediation plan. People would begin to recognise William Street from July
when the five levels of car park were finished, Mr Crooks said.
"These two towers make up the river-facing side of the integrated resort and form the platform for the Sky Deck that will sit more than 100 metres above street level," Mr
Crooks said. For three years, since construction began in early 2017, development
has been underground or along the Brisbane River.
The deal announced on Tuesday specifies that a replacement operator — yet to
be named — will come in at some stage. The move will alleviate a heavy cash
flow and debt burden on Star. That deal is still subject
to clearing hurdles, including regulatory checks.
A show-cause notice on Star's casino licence was initially
deferred until December 2023, then deferred again to December this year to allow the company
to develop an internal remediation plan. Then-Queensland attorney-general Shannon Fentiman appointed Nick Weeks as special manager to oversee Star after the company was deemed unsuitable to hold
a casino licence. From 5pm, the much-vaunted Sky Deck, offering expansive
views of the river, CBD and South Brisbane, opens to the public, along with the first
of three restaurants on the deck level. The bridge was built by Queen's Wharf developer
Destination Brisbane Consortium at no cost to the taxpayer and handed over to the state government last week.
The company's long-discussed woes have been putting the jobs of
9,000 people at risk, prompting state governments to step in. Star shares have been suspended
from trade on the Australian Securities
Exchange since Monday, after the company failed to submit its half-year accounts.
Under the deal, in return for Star Entertainment's 50 per cent stake in the Queen's Wharf precinct,
it will acquire the Hong Kong parties' two-thirds stake in the Gold Coast
project. Far East Consortium confirmed a deal had
been struck, in a filing to the Hong Kong stock exchange on Friday afternoon (Sydney time).
Solaire operator Bloomberry Resorts Corporation reported a net loss of Php125 million (US$2.0 million) in the three months to 31 March 2026, reversing the Php3.3 billion (US$53.5
million) in net income reported a year earlier.
Star Entertainment will lose the right to run its newly opened Queen’s
Wharf casino in Brisbane next year with the company’s two business partners already holding discussions with rivals including ASX-listed SkyCity Entertainment and
American hospitality giant Delaware North.
Miles told journalists at a media conference on Thursday that the major
consideration of the government in any potential deferral of taxes for the company was to save the 1400 jobs at risk should
financial troubles force the casino to close. The market opened in July as a weekly
Sunday market, attracting a complaint to council from the neighbouring Australian Country Choice
abattoir which argued traffic from visitors to the market
was preventing cattle trucks from accessing the abattoir.
Jockeys boycotted the track in July after reports horses
were being spooked by a nearby 13-storey construction site.
Racing is set to resume at a Brisbane track weeks after strange horse behaviour prompted a boycott from jockeys.
Tamara Smith, the state MP for Ballina, launched a petition for a "rescue package"
for the festival three weeks ago, saying the region could
not afford to lose Bluesfest. And in the bathrooms, deep
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and fluffy robes, plus large sliding doors to screen off the bathing
area from the primary living space.
Get ready to be taken on a culinary journey across the world with the abundance of restaurants and
bars to discover at The Star Brisbane. Perched 35 metres above street level, between the resort’s four towers, The Star Brisbane’s Leisure Deck is a 12,000sqm open-air oasis in the heart of Brisbane’s City.
A growing list of restaurants and bars across
the precinct including on Sky Deck, and at The Terrace, where
the pedestrian bridge connects to the city are under final
fit-outs and will open progressively. Inquiries into
Star’s competitor Crown in Victoria and Western Australia found the company was unfit to operate casinos, but neither government removed the licences.
Casino operator Star is staring down another major financial threat, despite
shareholders approving a $300 million rescue deal last week.
"This means William Street will be reconstructed and used by construction traffic to build the remaining basements and podium levels. Star reported a 10 per cent drop in revenue for Treasury casino in Brisbane – which still raked in $177.6 million in six months – due to steps taken to deal with problem gamblers, such as exclusions and time restrictions. In its quarterly update posted to the ASX on Wednesday, the company flagged a deal was "unlikely" to go through before the July 31 deadline. With 8½ weeks to go before the $3.6 billion Star Brisbane started opening its doors, chief executive Daniel Finch said there would be a "steady stream" of new restaurants, bars and public spaces opening through to the end of 2024. Trump later sued the Chengs’ development company, unsuccessfully, but the deal saved him from a personal bankruptcy that would have cluttered his presidential run. As Queensland considers what to do about the request for temporary tax breaks from embattled casino giant Star Entertainment Group, Premier Steven Miles says the company first came to the state government in recent weeks.
The Queensland government ordered a second investigation, conceding in May this year that CTFE "lacked candour and fulsomeness" in its dealings with the regulator, which it put down to cultural differences. The New Jersey Division of Gaming Enforcement named CYT in a report into the suitability of Ho to operate a casino in that province in 2010, saying he had "extensive
business dealings" with Ho and had been involved in the establishment of VIP rooms in three different casinos. It could also lay claim to having bested Donald Trump in a business deal – and perhaps played a bit role in his ascension to the White House – when it bailed him out of a development on the Upper West Side of Manhattan in 1994.
An ABC investigation reveals the links between a company with a major stake in Australia's most expensive casino venture and notorious organised crime figures in Hong Kong and Macau. Asia Gaming Brief (AGB) is a news, market intelligence, events, and networking company focused on Asia Pacific’s rapidly expanding gaming industry. The Sky Deck, offering expansive views of the river, CBD, and South Brisbane, opened to the public at 5 pm on the same day, along with the first of three restaurants located on the deck level.
Star Entertainment will sell its stake in the new Queen’s Wharf casino and entertainment complex in Brisbane, a deal that will give the company enough cash to stave off collapse for several months. Star Entertainment avoided collapse on Friday after signing a deal to exit its Brisbane resort, but the casino operator’s shares will remain suspended from trading this week as the board remains unable to assure themselves that the company is a going concern. At the centre is the 340-room The Star Grand luxury hotel, fully booked for opening weekend, along with a host of 50-plus culinary and entertainment experiences, including the 100m-high Sky Deck – ideal for viewing the Riverfire spectacular, part of the Brisbane Festival.
Sunday, 17 May 2026 12:29
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