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Star Entertainment's Queen's Wharf stake exit deal collapses

BRISBANE, QUEENSLAND, AUSTRALIA, JUL 1 – Star Entertainment's Hong Kong partners withdrew from the $3.6 billion Queen's Wharf Brisbane deal over unresolved commercial disputes, leaving the project with A$1.6 billion debt.

  • Star has withdrawn from its $3.6 billion Queen's Wharf stake sale after shareholders approved a $300 million rescue by Bally's.
  • Far East Consortium and Chow Tai Fook Enterprises have issued formal notice to terminate the sale deal to Star, which takes effect in five business days.
  • Far East Consortium demands a $10 million repayment from Star within 30 days to avoid losing a stake in Tower 1.
  • The future of the Queen's Wharf precinct remains uncertain, with Star indicating it is still open to negotiations.
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Channel News Asia broke the news in Singapore on Monday, June 30, 2025.
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