The Star to sell its stake in Queen’s Wharf Brisbane

The Star signs deal to sell its stake in Queen’s Wharf Brisbane

Added:
The Star signs deal to sell its stake in Queen’s Wharf Brisbane

Australian operator The Star announced an agreement with its joint venture partners to sell its stake in Queen’s Wharf Brisbane.

The Star confirmed signing binding agreements with Chow Tai Fook Enterprises (CTFE) and Far East Consortium (FEC) to sell its stake in Destination Brisbane Consortium (DBC) in a filing on Tuesday.

The company also stated it will step back from managing The Star Brisbane Integrated Resort, with operations to be handed over to a replacement operator.

Chow Tai Fook Enterprises (CTFE) and Far East Consortium (FEC) have previously been reported to have been in discussions with both Crown Resorts and SkyCity in the possible appointment of one of them as the future operator of The Star Brisbane Integrated Resort. These talks were seen as part of the planning process to ensure a smooth transition in management once The Star exits its role.

Lilit Sarinyan
Lilit Sarinyan Content Writer

With 3 years of experience in iGaming, I focus on producing content that helps readers make sense of developments across the sector. My work includes interviews with industry professionals, regional market analysis, affiliate industry developments, and detailed reviews. With a particular interest in how iGaming is evolving and where it’s headed next, my degree in English and Communication has shaped how I approach writing, especially when it comes to making complex topics easy to follow.

  • Amazon to pay $200M in social casino lawsuit settlement Amazon to pay $200M in social casino lawsuit settlement
  • DraftKings rolls out online poker in 3 US states DraftKings rolls out online poker in 3 US states