{"id":181559,"date":"2026-03-31T23:52:38","date_gmt":"2026-03-31T23:52:38","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/181559\/"},"modified":"2026-03-31T23:52:38","modified_gmt":"2026-03-31T23:52:38","slug":"star-entertainment-completes-sale-of-stake-in-queens-wharf-to-hong-kong-partners","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/181559\/","title":{"rendered":"Star Entertainment completes sale of stake in Queen’s Wharf to Hong Kong partners"},"content":{"rendered":"

Two Hong Kong investors have become the sole owners of Brisbane’s Queen’s Wharf after Star Entertainment completed its exit from the project.<\/p>\n

The embattled gaming giant this morning informed the ASX it had finalised the sale of its stake in the Destination Brisbane Consortium, which owns the complex.<\/p>\n

Chow Tai Fook Enterprises (CTFE) and Far East Consortium (FEC) separately confirmed the deal on Wednesday morning.<\/p>\n

The deal sees Star give up its 50 per cent stake in the consortium, with CTFE and FEC becoming equal 50 per cent partners.<\/p>\n

Previously, they owned 25 per cent each.<\/p>\n

\"The<\/p>\n

CTFE and FEC will each take a 50 per cent stake in the Destination Brisbane Consortium. (ABC News: Christopher Gillette)<\/p>\n

Star told investors in August it had finally signed an on-again, off-again deal<\/a> with the controversial Hong Kong partners. CTFE was once linked to organised crime figures.<\/a><\/p>\n

Report backed ABC revelations of casino’s hidden ties<\/a><\/p>\n

A Queensland government report that upholds the ABC’s revelation that a Brisbane casino owner had a “concealed relationship” with a criminal junket boss.<\/p>\n

Star had been in talks with CTFE and FEC since February last year.<\/p>\n

In addition to Queen’s Wharf, the Hong Kong partners will also take over Star’s ownership of the Treasury Hotel and car park, and the Charlotte Street car park.\u00a0<\/p>\n

Star is expected to pocket $53 million in the deal, along with taking stakes in Gold Coast hotels near its casino there.<\/p>\n

In a statement, director and co-CEO of CTFE Christopher Cheng said the deal would provide “long-term stability” for Queen’s Wharf and its staff.<\/p>\n

\"Lobby<\/p>\n

The deal has been in the works since talks began in February last year. (ABC News: Christopher Gillette)<\/p>\n

“Having been involved in the project from its earliest stages, CTFE and Far East Consortium remain committed to supporting the continued development \u00a0of this world-class destination.”<\/p>\n

Executive director of FEC Wendy Chiu said the deal represented the company’s view of Brisbane as a “global city”.<\/p>\n

“We are grateful for the Queensland government’s ongoing support for the project, and are committed to working with stakeholders to ensure the continued success of Queen’s Wharf Brisbane as a premier tourism, entertainment and lifestyle destination, operating to the highest regulatory standards,” she said.<\/p>\n","protected":false},"excerpt":{"rendered":"Two Hong Kong investors have become the sole owners of Brisbane’s Queen’s Wharf after Star Entertainment completed its…\n","protected":false},"author":2,"featured_media":181560,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[73231,73233,73229,73232,73230,9,24,63,73227,122,124,123,73226,73228],"class_list":["post-181559","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-asx","tag-chow-tai-fook","tag-chow-tai-fook-enterprises","tag-destination-brisbane-consortium","tag-far-east-consortium","tag-new-york","tag-new-york-city","tag-nyc","tag-queens-wharf","tag-queens","tag-queens-headlines","tag-queens-news","tag-star-casino","tag-star-entertainment"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/181559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=181559"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/181559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/181560"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=181559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=181559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=181559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}