{"id":777029216,"date":"2025-07-18T14:05:41","date_gmt":"2025-07-18T17:05:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777029216"},"modified":"2026-04-21T20:51:12","modified_gmt":"2026-04-21T23:51:12","slug":"crown-could-take-over-brisbanes-queens-wharf-casino","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/crown-could-take-over-brisbanes-queens-wharf-casino","title":{"rendered":"Crown could take over Brisbane\u2019s Queen\u2019s Wharf Casino"},"content":{"rendered":"\n

Sources suggest that Crown is the leading candidate to take over operations from Star Entertainment.<\/p>\n\n\n\n\n\n\n\n

Australia.- Crown Resorts is emerging as a candidate to take over operations at Brisbane\u2019s Queen\u2019s Wharf casino<\/a>, as current operator Star Entertainment battles financial and regulatory troubles. The AU$3.6bn (US$2.3bn) development, would be Crown’s first business in Queensland, pending the outcome of negotiations with joint venture partners Chow Tai Fook Enterprises and Far East Consortium.<\/p>\n\n\n\n

In March, Star agreed to sell its 50 per cent stake in the project to its partners for AU$53m (US$34m). However, the agreement has yet to be finalised. If no contract is signed by July 31, Star could face an AU$36.5m (US$23m) penalty.<\/p>\n\n\n\n

Sources close to the matter suggest that Crown, now owned by US private equity firm Blackstone, is the leading candidate to assume day-to-day casino operations due to its experience managing casinos in Sydney, Melbourne and Perth. Alternatives under consideration reportedly include SkyCity Entertainment and U.S.-based Delaware North.<\/p>\n\n\n

\n
\"Photo
Brisbane’s Queen’s Wharf.<\/figcaption><\/figure>\n<\/div>\n\n\n

American operator Bally\u2019s Corporation has proposed a AU$300m (US$194m) investment in Star. The offer, contingent on regulatory approval, grants Bally\u2019s effective veto rights over any significant changes to the original sale agreement. <\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Star extends deadline for deal to exit Brisbane<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Sources suggest that Crown is the leading candidate to take over operations from Star Entertainment.<\/p>\n","protected":false},"author":680,"featured_media":21353,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Crown Resorts, now owned by Blackstone, is reportedly the leading candidate to assume casino operations at Brisbane's AU$3.6bn Queen's Wharf development, as current operator Star Entertainment faces significant financial and regulatory challenges. This potential move would mark Crown's entry into Queensland, contingent on negotiations with joint venture partners Chow Tai Fook Enterprises and Far East Consortium, amidst Star's unfinalized stake sale and a separate investment offer from Bally's Corporation.","focusai_entities":"Crown Resorts, Star Entertainment, Blackstone, Chow Tai Fook Enterprises, Far East Consortium, SkyCity Entertainment, Delaware North, Bally's Corporation","focusai_location":"Australia, Brisbane, Queensland, Sydney, Melbourne, Perth, U.S.","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Approval Timeline","query":"What specific regulatory hurdles and timelines are anticipated for Crown Resorts to secure operational licensing for Queen's Wharf, particularly given Star Entertainment's ongoing compliance issues and the jurisdiction's governance frameworks?"},{"label":"Star's Financial Impact","query":"How would the finalization of Star Entertainment's 50% stake sale and the potential AU$36.5m penalty impact its balance sheet, NGR projections, and ongoing restructuring efforts amidst its regulatory challenges?"}],"footnotes":""},"categories":[16336,157],"tags":[289,24837,14657,24838,23871],"class_list":["post-777029216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-australia","tag-brisbane","tag-crown-resorts","tag-queens-wharf-casino","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029216","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\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777029216"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029216\/revisions"}],"predecessor-version":[{"id":777029324,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029216\/revisions\/777029324"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21353"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777029216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777029216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777029216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}