The deal will see Star give up its 50 per cent stake in the Queen's Wharf casino complex. Star told investors on Tuesday morning it had finally signed a deal with its Hong Kong partners — including one which was once linked to organised crime figures. A Queensland government spokesperson says the deal is subject to government approval. Brisbane's resort and casino precinct Queen's Wharf has faced financial woes. "My priority is to work closely with our expert team and precinct partners to drive operational excellence and regulatory compliance, pioneer innovative guest experiences, and deliver measurable value."
"A buyer would have to be comfortable with a company in Star's circumstances to be a joint landlord and take the risk of default under the agreement." But just when things appeared to be improving for Star, their joint venture partners suddenly announced they were terminating the agreement to buy Queen's Wharf, effective July 7. Just a few days later, Star reached a deal with US casino giant Bally's for at least $250 million in exchange for a controlling stake in the company.
Brisbane's resort and casino precinct Queen's Wharf opened in August 2024 but faced financial woes before and after. More than just a building, it’s a gateway to a world-class lifestyle, one that blends luxury living with direct access to the city’s best experiences. Whether you’re looking for a luxury city home or a premium investment in one of Brisbane’s most connected locations, these residences represent unmatched value and potential. The ongoing activation of the Queen’s Wharf precinct, combined with Brisbane’s strong property fundamentals and Olympic momentum, make this an exceptional investment opportunity.
By the time its new Brisbane casino opened on August 29, 2024, that had plummeted to 57 cents a share, making it difficult for the company to raise funds and keep its new business operating. In all, the casino, four hotels, retail venues and restaurant spaces would cost an estimated $3.6 billion — Queensland's biggest ever infrastructure project. If you missed the opportunity to buy off the plan, now is the time to explore available resale apartments at Queen’s Wharf Residences. For buyers looking to secure a foothold in the city’s future, Queen’s Wharf Residences is more than a home, it’s a destination.
While all apartments in Queen’s Wharf Residences were sold off the plan, a limited number of resale opportunities are now available, offering a rare second chance to secure a residence in this landmark development. Located just minutes from key venues, transport hubs, and entertainment zones, the development offers residents and investors front-row access to one of the biggest global events of the decade. With Brisbane set to host the 2032 Olympic and Paralympic Games, Queen’s Wharf Residences is perfectly positioned to benefit from the city’s next wave of growth. Designed for modern city living, Queen’s Wharf Residences delivers a sophisticated blend of architectural excellence, smart design, and high-end finishes.
I have been part of the company for over 21 years, serving in various capacities. The Leisure Deck features an Event Deck, expansive lawn area for sunset picnics and exclusive resort amenities overlooking the city skyline. Perched 37 metres above street level, a 12,000sqm open-air Leisure Deck delivers an impressive mixed-use space for hotel guests and the public to enjoy. The Star Brisbane features the 5-star The Star Grand luxury hotel, and offers an exciting array of new restaurants, bars and entertainment experiences and the property’s state-of-the-art Event Centre which is home to Brisbane’s largest hotel ballroom. The union said its members had continued to show up while Star "blundered from disaster to disaster", at times without the guarantee of pay at the end of the week.
"At the core of the issue is the transfer of a major casino licence to a new ownership structure," he said. Mr Hughes said the deal's success — and a lifeline for Star — hinges on getting the "green light" from regulators. "The deal takes a huge debt pile off its books and signals a clear shift in focus." Griffith University Business School's Graeme Hughes said the deal would come as a relief to Star Entertainment if approved. The deal still needs to pass regulatory hurdles before it's finalised.
The precinct’s new pedestrian links, public spaces, and improved transport connections, including future Cross River Rail access, ensure seamless access across the CBD and beyond. Located on the banks of the Brisbane River, the newly activated precinct is already home to a growing mix of bars, restaurants, and boutique retail, with more opening on a regular basis. Far East Consortium is proud to announce the completion of Queen’s Wharf Residences, a milestone project within Brisbane’s $3.6 billion Queen’s Wharf integrated resort development. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Eligible shareholders who wished to sell their shares under the Voluntary Share Sale Facility were required to return a Sale Instruction Form by the Closing Date. On 5 April 2016, eligible shareholders were sent a letter together with a Share Retention Form (for the Small Holding Sale Facility) or a Sale Instruction Form (for the Voluntary Share Sale Facility), and Terms and Conditions for the relevant share sale facility.