US EditionStar Back on the Brink as Brisbane Casino Deal Collapses
BRISBANE, QUEENSLAND, AUSTRALIA, AUG 1 – Star Entertainment must repay $41 million and contribute an estimated $200 million in equity after its failed sale of the Queen's Wharf Brisbane stake to Hong Kong partners.
- On August 1, 2025, Star Entertainment Group’s proposed sale of its Queen’s Wharf precinct in Brisbane collapsed after Hong Kong partners declined to extend the deal deadline.
- Efforts to extend talks were rebuffed after unresolved commercial issues persisted past the July 31, 2025 deadline, with Chow Tai Fook Enterprises and Far East Consortium rejecting the extension offer.
- SEG faces repayment deadlines of A$10 million by August 6 and A$31 million by September 5, with a cash balance of $234 million as of June 30.
- SEG is left owning its 50% stake in the Brisbane project and now faces a $41 million payment obligation to its former partners.
- SEG will continue shouldering its share of the A$1.4 billion debt facility due for refinancing in December 2025 and must inject A$200 million in future equity, risking its Dorsett hotel stake.
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15 Articles
15 Articles
Queen’s Wharf back on market as Star deal sinks
Star Entertainment Group’s deal to sell its share of Brisbane’s Queen’s Wharf casino precinct to its investment partners has been terminated, putting the group back on the hook for $1.4bn debt and plunging it back into an existential crisis.
·Melbourne, Australia
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Coverage Details
Total News Sources15
Leaning Left3Leaning Right4Center0Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
L 43%
R 57%
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