Star Entertainment’s Hong Kong investors have offered to take over the embattled casino group’s new Queen’s Wharf complex in Brisbane under a plan that would significantly ease the company’s financial woes.
Chow Tai Fook Enterprises and Far East Consortium have been locked in discussions with Star for weeks about the future of the hotel and entertainment precinct, which has a $1.6 billion debt pile and still requires hundreds of millions of dollars to be completed.
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