Star Entertainment revives bid to sell 50% stake in Brisbane resort, AFR reports

Star Entertainment wins back lifeline casino deal to offload Queen's Wharf

Star Entertainment has managed to salvage a lifeline deal to offload its stake in the Brisbane Queen's Whar...

Star Entertainment revives bid to sell 50% stake in Brisbane resort, AFR reports

(Reuters) -Australia’s Star Entertainment has restarted efforts to sell its 50% interest in the A$3.6 billion ($2.35 billion) Brisbane resort, striking an agreement with its Hong Kong-based investors, the Australian Financial Review reported on Tuesday. The planned stake sale collapsed earlier this month after investors Far East Consortium and Chow Tai Fook Enterprises — both already seeking to exit the joint venture — declined to extend negotia…

The Star agrees Queen’s Wharf Brisbane offload

The Star Entertainment Group (The Star) has entered into a binding long-form documentation with Chow Tai Fook Enterprises Limited (CTFE) and Far East Consortium International Limited (FECI) in relation to assets in Queensland. CTFE and FECI – together known as the Joint Venture Partners – have been in long-term negotiation with The Star regarding Destination Brisbane Consortium (DBC), which is the owner of the Queen’s Wharf Brisbane Integrated R…

The Star inks deal for sale of Queen’s Wharf Brisbane stake to joint venture partners

The Star inks deal for sale of its stake in Queen's Wharf Brisbane to joint venture partners Chow Tai Fook and Far East Consortium. The post The Star inks deal for sale of Queen’s Wharf Brisbane stake to joint venture partners first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Star Entertainment Group enters into binding agreement with Hong Kong partners to offload its 50% stake in Brisbane Queen’s Wharf Brisbane

Less than two weeks after an initial agreement collapsed, Australia’s Star Entertainment Group has confirmed it will offload its 50% stake in Queen’s Wharf Brisbane after entering into binding long-form documentation with its Hong Kong partners. In an ASX filing, Star it would dispose of its interest in the Queen’s Wharf ownership entity Destination Brisbane Consortium (DBC) to Chow Tai Fook Enterprises and Far East Consortium and ultimately tra…

Star Entertainment Finalises Binding Agreements for Brisbane and Gold Coast Assets

The Star Entertainment Group (ASX: SGR), a diversified entertainment and tourism company that owns and operates casinos and integrated resorts, has announced the execution of binding long-form documentation with Chow Tai Fook Enterprises Limited (CTFE) and Far East Consortium International Limited (FEC) regarding its Brisbane and Gold Coast assets. The agreements involve Destination Brisbane Consortium (DBC), owner of Queen’s Wharf Brisbane Inte…