Star’s Hong Kong partners said to be eying Crown Resorts to run casino at Queen’s Wharf Brisbane if takeover talks succeed
Summary
Star Entertainment Group’s Hong Kong partners are exploring the possibility of bringing in Crown Resorts as the operator of the Queen’s Wharf Brisbane casino, pending a successful acquisition of Star’s 50% stake. Chow Tai Fook Enterprises and Far East Consortium, each holding a quarter of the Queen’s Wharf development, aim to replace Star by early 2026. Other names like SkyCity and Delaware North are also in the mix, but Crown’s recent regulatory approvals make it a favoured choice.
Key Points
- The Hong Kong partners wish to replace Star with Crown Resorts as the casino operator at Queen’s Wharf Brisbane.
- This move depends on the partners acquiring Star’s 50% stake in the resort.
- Crown is seen as preferable due to its recent regulatory clearance across multiple states.
- Star’s efforts to negotiate are influenced by the need for liquidity to stay operational.
- The deal fell through earlier in July, but discussions for a new agreement are ongoing.
Why should I read this?
If you’re into the gaming industry, this article is a must-read! The potential shift in management at Queen’s Wharf Brisbane could have big implications for the local market, especially with Crown Resorts stepping up as a contender. Grab the details and stay ahead of the curve!
