{"id":6512,"date":"2020-05-18T00:52:47","date_gmt":"2020-05-18T00:52:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=6512"},"modified":"2026-04-24T05:11:30","modified_gmt":"2026-04-24T08:11:30","slug":"qwb-casino-brisbane-australia","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/qwb-casino-brisbane-australia","title":{"rendered":"Star Ent secures AU$1.6b funding for QWB project"},"content":{"rendered":"\n<p>Terms for the funding were confirmed before the Covid-19 pandemic.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- Star Entertainment Group has received AU$1.6 billion in funding for its Queen&#8217;s Wharf  (QWB) development project in Brisbane.<\/p>\n\n\n\n<p>In an ASX filing, Star announced that terms for the funding were confirmed before the Covid-19 pandemic and &#8220;therefore reflect terms available in the market at that time&#8221;. <\/p>\n\n\n\n<p>The filing also said: &#8220;Conditions precedent for the QWB Funding is expected to be completed in June 2020, including relevant final approvals from the Queensland Government.<\/p>\n\n\n\n<p>&#8220;The first draw-down on the QWB Funding is expected in June 2020 in relation to the facility and other fees, with a more substantial draw-down to fund construction to commence in early CY2021. <\/p>\n\n\n\n<p>&#8220;The QWB Funding is for a period of 5.5 years, which is expected to provide around three years of operating history before refinancing is required, and is recourse funding in proportion to the partners\u2019 equity interests (i.e. 50 per cent to The Star).&#8221;<\/p>\n\n\n\n<p>Construction of the QWB has been in progress for some time, with <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/brisbane-casino-2500-slots\">over 2,500 slot machines said to be part of the multi-billion dollar casino<\/a><\/em><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terms for the funding were confirmed before the Covid-19 pandemic.<\/p>\n","protected":false},"author":2,"featured_media":6513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Star Entertainment Group has secured AU$1.6 billion in funding for its Queen\u2019s Wharf Brisbane (QWB) integrated resort development, with terms confirmed prior to the Covid-19 pandemic. The funding, expected to complete conditions precedent and see initial draw-downs in June 2020, will support construction through early CY2021. This 5.5-year recourse facility is proportional to Star's 50% equity interest, providing approximately three years of operating history before refinancing is required.","focusai_entities":"Star Entertainment Group, Queensland Government","focusai_location":"Australia, Brisbane, Queensland","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Funding Covenants","query":"What specific financial covenants and performance metrics are attached to the AU$1.6 billion Queen's Wharf Brisbane funding facility, particularly given its pre-pandemic negotiation and recourse nature?"},{"label":"Capital Structure Impact","query":"How does this AU$1.6 billion recourse funding, proportional to Star's 50% equity interest, impact the group's overall debt leverage, cost of capital, and future capital allocation strategy?"}],"footnotes":""},"categories":[16336,28,161,163],"tags":[289],"class_list":["post-6512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","category-daily-news","category-finance-news","tag-australia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6512","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6512"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6512\/revisions"}],"predecessor-version":[{"id":21455,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6512\/revisions\/21455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6513"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}