{"id":777030225,"date":"2025-08-12T09:57:45","date_gmt":"2025-08-12T12:57:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777030225"},"modified":"2026-04-21T20:11:13","modified_gmt":"2026-04-21T23:11:13","slug":"the-star-entertainment-group-sells-stake-in-queens-wharf-brisbane-project","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/the-star-entertainment-group-sells-stake-in-queens-wharf-brisbane-project","title":{"rendered":"The Star Entertainment Group sells stake in Queen’s Wharf Brisbane"},"content":{"rendered":"\n

The Australian gaming operator has agreed to transfer its interest to joint venture partners.<\/p>\n\n\n\n\n\n\n\n

Australia.- After several setbacks<\/a>, The Star Entertainment Group<\/strong> has signed a binding agreement to sell its stake in the Queen’s Wharf Brisbane<\/strong> development to Hong Kong-based joint venture partners, Chow Tai Fook Enterprises (CTFE) <\/strong>and Far East Consortium (FEC)<\/strong>.<\/p>\n\n\n\n

The deal allows The Star to exit the Destination Brisbane Consortium (DBC)<\/strong> by November 30, subject to approvals, including from the Queensland government. The Star will also cease managing The Star Brisbane Integrated Resort<\/strong>, with a new operator to take over. Earlier reports suggested Crown Resorts or SkyCity as potential replacements.<\/p>\n\n\n\n

The agreement includes two stages: the initial sale and a later transfer in 2026, where The Star gains full ownership of the Destination Gold Coast Consortium (DGCC), which oversees The Star Gold Coast.<\/p>\n\n\n\n

Under the terms, The Star will receive AU$18m<\/strong> (US$11,7m) from plus a possible earn-out payment up to AU$225m (US$146m), based on DBC’s equity value. The Star must pay AU$8m (US$5,2m) for rights related to a future hotel tower but can offset this against other amounts. The deal also covers The Star’s interest in a nearby car park and the Treasury Brisbane hotel.\u00a0<\/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 Entertainment Brisbane casino deal falls through<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The Australian gaming operator has agreed to transfer its interest to joint venture partners.<\/p>\n","protected":false},"author":680,"featured_media":777022995,"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 executed a binding agreement to divest its stake in the Queen's Wharf Brisbane development to joint venture partners Chow Tai Fook Enterprises and Far East Consortium. This strategic exit from the Destination Brisbane Consortium, subject to Queensland government approval, includes The Star ceasing management of The Star Brisbane Integrated Resort. The deal, valued up to AU$225m in earn-outs, also grants The Star full ownership of the Destination Gold Coast Consortium by 2026.","focusai_entities":"The Star Entertainment Group, Chow Tai Fook Enterprises, Far East Consortium, Destination Brisbane Consortium, Queensland government, The Star Brisbane Integrated Resort, Crown Resorts, SkyCity, Destination Gold Coast Consortium, The Star Gold Coast, Treasury Brisbane","focusai_location":"Australia, Brisbane, Hong Kong, Queensland, Gold Coast","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Approval Impact","query":"What specific regulatory conditions and timelines are anticipated from the Queensland government for the approval of this transfer of interest and the appointment of a new integrated resort operator?"},{"label":"Financial Impact Analysis","query":"How will the structured earn-out payment and the full ownership of DGCC by 2026 impact The Star Entertainment Group's long-term capital structure, debt covenants, and projected EBITDA?"}],"footnotes":""},"categories":[16336,157],"tags":[289,24838,23871],"class_list":["post-777030225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-australia","tag-queens-wharf-casino","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030225","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=777030225"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030225\/revisions"}],"predecessor-version":[{"id":777030248,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030225\/revisions\/777030248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777022995"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777030225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777030225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777030225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}