US EditionStar Faces $36.5m Blow if Queen’s Wharf Deal Flops
- Bally’s Corporation aims to retain control of Star Entertainment's Queen’s Wharf precinct in Brisbane amidst disputes over operations with its partners.
- Star Entertainment extended the deadline to avoid collapsing its Queen’s Wharf deal, which may cost them financially.
- If the deal is not finalized by July 31, Star will repay $10 million to Chow Tai Fook Enterprises and Far East Consortium.
- Star also needs to reimburse $26.5 million in contributions made to the casino, as negotiations for the deal continue.
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Sydney Morning Herald+2 Reposted by 2 other sources
Star faces $36.5m blow if Queen’s Wharf deal flops
The major gaming operator says its negotiations with Hong Kong investors to sell its stake in the glitzy Brisbane precinct has hit a standstill, revealing an extension to the termination notice.
·Sydney, Australia
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Total News Sources12
Leaning Left3Leaning Right4Center0Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
L 43%
R 57%
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