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.
On Monday, the company notified the ASX that the deadline for termination has now been extended to July 31st. "This was meant to free up around $700 million in debt and $212 million in future contributions, making Star more asset-light and boosting its liquidity," Mr Hughes said. As part of the agreement, Star would keep the rights to operate the casino. The Hong Kong investors poised to buy Star out of Brisbane's Queen's Wharf development have threatened to walk away.
"The agreement … is subject to regulatory approvals, which will be considered following the receipt of formal submissions," they said. A Queensland government spokesperson said the deal between Star and its joint venture partners — Chow Tai Fook Enterprises (CTFE) and Far East Consortium — was not yet finalised. This week, that was walked back, with Star announcing a new deal had finally been signed. In March, in a bid to stave off insolvency, Star agreed to sell its 50 per cent stake in Queen's Wharf to its joint venture partners. Star has struggled financially amid regulatory inquiries and increasingly tough gaming regulations. The deal still needs to pass regulatory checks and be approved by the Queensland government. In exchange, Star would receive a $53 million cash injection and stakes in Gold Coast hotels near its casino there.
In March, desperate for money to stave off insolvency, Star agreed to sell its 50 per cent stake in Queen's Wharf to its joint venture partners Chow Tai Fook Enterprises and Far East Consortium for $53 million. In January this year, the company told the ASX it had just $79 million left in available cash and had burned through $70 million since the end of September. In September 2021, when the NICC first announced it was looking into Star Entertainment, its share price was $3.50. "Delays and ongoing costs during construction meant it was sucking cash, not generating it, at a time when Star was already struggling with regulatory fallout and falling revenue." Then came two years of pandemic lockdowns, major flooding, and an outbreak of mould — to name but a few issues — which added hundreds of millions to the price tag and many months to the timeline. The deadline to reach a deal on the sale of Star Entertainment's stake in Brisbane's Queen's Wharf precinct has been extended, as the casino operator desperately fights to avoid administration.
The Star Entertainment Group announced on 5 April 2016 share sale facilities that provided eligible small shareholders the opportunity to sell their shares without incurring any brokerage or handling costs. The announcement follows DBC’s successful refinancing and equity transaction in March to acquire 100% ownership of Queen’s Wharf Brisbane, and comes at a pivotal time as DBC evolves from a development- led organisation to a fully integrated owner-operator. The announcement follows DBC's successful refinancing and equity transaction in March to acquire 100% ownership of Queen’s Wharf Brisbane, and comes at a pivotal time as DBC evolves from a developmentled organisation to a fully integrated owner-operator. Spanning more than 12 hectares along Brisbane’s riverfront, Queen’s Wharf Brisbane includes hotels, gaming facilities, retail, dining and public spaces, and is considered one of Australia’s largest tourism and entertainment developments. "If a casino located in the CBD of a capital city cannot make ends meet then it might be time for the casino to call it quits," Professor Morrison said.
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.
The Trans and gender-diverse communities are starting to feel vulnerable, so let’s continue to work on making The Star a safe and inclusive place for everyone, esp., for trans and gender-diverse team members. Without the dedication of the Proud team, we would never have been able to achieve what we had. It was an absolute joy to see the collaboration from all the stakeholders and how their team welcomed them with open arms. Secondly, I was invited to help reintroduce a team member who was affirming their gender to their department. In turn, I aspired to be that source of encouragement and affirmation for others, fostering an environment where authenticity is celebrated and safeguarded. My journey with Spectrum/Proud began during the marriage plebiscite, a time that placed the LGBTQI+ communities under intense scrutiny.
A multibillion-dollar American casino company’s attempts to introduce its brand to Australia may have come unstuck, thanks to a small suburban bowls club. The contract to build Brisbane’s new inner-city Neville Bonner Bridge pedestrian bridge… A development application has been submitted by Destination Brisbane Consortium for a… Locals and visitors will have the opportunity to experience Queensland’s capital from… "The latest news once again increases uncertainty for members. We're seeking further information from the company about this announcement," he said. Star has been seeking a financial lifeline, after its cash reserves sank to $79 million at the end of 2024.