{"id":32551,"date":"2022-08-11T05:52:40","date_gmt":"2022-08-11T08:52:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32551"},"modified":"2026-04-23T05:59:53","modified_gmt":"2026-04-23T08:59:53","slug":"the-star-posts-update-on-gold-coast-resort-development","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/the-star-posts-update-on-gold-coast-resort-development","title":{"rendered":"The Star posts update on Gold Coast resort development"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Star Entertainment Group has announced that its second 63-storey hotel and apartments tower has reached a significant construction milestone.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.-\u00a0<strong>The Star Entertainment Group<\/strong>\u00a0is moving forward with the development of the Star Gold Coast casino resort. The casino operator has announced a significant construction milestone has been reached on the second 63-storey tower.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the statement, approximately 12,000 cubic metres of concrete have been poured on a 21-meter high, six-level podium, which will support a luxury pool deck, pool bar, events lawn, and other hospitality facilities.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The AU$400m development with 210 rooms and 457 one, two and three-bedroom residential apartments, is\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/star-gold-coast-casino-expansion-to-be-finished-by-mid-2024\" target=\"_blank\">on track to open in 2024<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Jess Mellor<\/strong>, chief operating officer of The Star Gold Coast, said: \u201cIt\u2019s a really exciting stage of construction as we\u2019ve reached the point where every week from now on, we will see the tower taking shape rising approximately a level every week.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">She added: \u201cBy the time this game-changing development is complete we will have more accommodation offerings than any other resort in Australia, with as many hotel rooms as Marina Bay Sands in Singapore.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cDespite the ongoing challenges of the pandemic we are proudly and confidently investing in the Gold Coast.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur masterplan allows for a total of <strong>five towers<\/strong>, so we are continuing to build a world-class tourism and entertainment destination in one of the world\u2019s most sought-after holiday locations, creating hundreds of jobs and supporting our local economy.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is the second of two projects from the Star Entertainment Group and its consortium partners Chow Tai Fook Enterprises and Far East Consortium on the Gold Coast. The joint venture partners are also developing the\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/queens-wharf-development-at-risk-amid-queenslands-review-of-star\" target=\"_blank\">Queen&#8217;s Wharf redevelopment project in Brisbane<\/a>, which is scheduled to open in stages from the second half of 2023.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Star to bring in Independent monitor to oversee renewal programme<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As previously reported by Focus Gaming News,&nbsp;<strong>the Star Entertainment Group&nbsp;<\/strong>has announced that it has appointed<strong>&nbsp;Allen &amp; Overy Consulting<\/strong>&nbsp;to monitor the design and implementation of its renewal programme, which is being led by The Star\u2019s Transformation Office to improve risk, compliance and culture.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile,&nbsp;<strong>Wexted Advisors has been appointed by ILGA<\/strong>&nbsp;as an interim expert advisor to NSW regulators. The Star\u2019s Sydney casino operations will be audited by Wexted Advisors as well as the effectiveness of its governance, systems, supervision, and oversight.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Star Entertainment Group has announced that its second 63-storey hotel and apartments tower has reached a significant construction milestone.<\/p>\n","protected":false},"author":176,"featured_media":32552,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Star Entertainment Group has achieved a significant construction milestone on its AU$400m second tower at The Star Gold Coast, part of a broader masterplan to expand its integrated resort offerings by 2024. Concurrently, the group is advancing the Queen's Wharf Brisbane project and has appointed Allen & Overy Consulting to oversee its internal renewal program focused on risk, compliance, and culture, amidst ongoing regulatory scrutiny from ILGA and an audit by Wexted Advisors concerning its NSW operations.","focusai_entities":"The Star Entertainment Group, Jess Mellor, Chow Tai Fook Enterprises, Far East Consortium, Allen & Overy Consulting, ILGA, Wexted Advisors, The Star\u2019s Transformation Office","focusai_location":"Australia, Gold Coast, Brisbane, NSW, Sydney","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (0.75), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Regulatory Impact on Valuation","query":"What is the projected impact of the ongoing regulatory compliance costs and potential operational restrictions, stemming from the ILGA and Wexted Advisors' oversight, on The Star Entertainment Group's forward-looking EBITDA and capital expenditure allocation for its integrated resort pipeline?"},{"label":"Masterplan Capital Deployment","query":"How will the capital deployment strategy for the remaining three towers in The Star Gold Coast masterplan be influenced by the current regulatory environment and the financial commitments to the Queen's Wharf Brisbane project?"}],"footnotes":""},"categories":[16336,157,158],"tags":[23871],"class_list":["post-32551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","category-slider-home","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=32551"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32551\/revisions"}],"predecessor-version":[{"id":32559,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32551\/revisions\/32559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32552"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}