Posted on: April 1, 2026, 04:20h.
Last updated on: April 1, 2026, 04:20h.
- Star sells Brisbane stake at fire-sale price to ease debt burden
- Deal eliminates $1.4bn debt but cuts long-term revenue potential
- Gold Coast consolidation follows Bally’s-backed rescue and refinancing efforts
Star Entertainment (ASX: SGR) has officially disposed of its ownership of the $3.6 billion Queen’s Wharf Brisbane, selling its 50% stake for just $53 million to its joint venture partners in the casino and entertainment complex, Chow Tai Fook Enterprises (CTFE) and Far East Consortium International (FEC).