{"id":2353848,"date":"2026-04-01T03:30:06","date_gmt":"2026-04-01T03:30:06","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2353848"},"modified":"2026-04-01T03:30:06","modified_gmt":"2026-04-01T03:30:06","slug":"star-entertainment-completes-sale-of-stake-in-queens-wharf-to-hong-kong-partners","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/star-entertainment-completes-sale-of-stake-in-queens-wharf-to-hong-kong-partners\/","title":{"rendered":"Star Entertainment completes sale of stake in Queen&#8217;s Wharf to Hong Kong partners"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"paragraph_paragraph___QITb\">Two Hong Kong investors have become the sole owners of Brisbane&#8217;s Queen&#8217;s Wharf after Star Entertainment completed its exit from the project.<\/p>\n<p class=\"paragraph_paragraph___QITb\">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<p class=\"paragraph_paragraph___QITb\">Chow Tai Fook Enterprises (CTFE) and Far East Consortium (FEC) separately confirmed the deal on Wednesday morning.<\/p>\n<p class=\"paragraph_paragraph___QITb\">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<p class=\"paragraph_paragraph___QITb\">Previously, they owned 25 per cent each.<\/p>\n<figure class=\"ContentAlignment_marginBottom__4H_6E ContentAlignment_overflowAuto__c1_IL ContentAlignment_outdentDesktop__ijbiK Figure_figure__xLyBy Figure_docImage__DSvk4\" data-print=\"inline-media\" data-component=\"Figure\" id=\"106520004\" data-uri=\"coremedia:\/\/imageproxy\/106520004\">\n<div class=\"Figure_content__8xRH4\">\n<div class=\"FigureContent_content__GnImC\">\n<div class=\"ContentImage_ratio__0yYeG\">\n<div class=\"AspectRatio_container__FC_XH\" style=\"--aspect-ratio:1.5\" data-component=\"AspectRatioContainer\"><\/div>\n<\/div>\n<\/div><figcaption class=\"Figure_caption__fS2lN\" data-component=\"Figure__figcaption\">\n<p class=\"Typography_base__sj2RP FigureCaption_text__zDxQ5 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">CTFE and FEC will each take a 50 per cent stake in the Destination Brisbane Consortium.<!-- --> <cite>(<span>ABC News: Christopher Gillette<\/span>)<\/cite><\/p>\n<\/figcaption><\/div>\n<\/figure>\n<p class=\"paragraph_paragraph___QITb\">Star <a rel=\"nofollow\" target=\"_blank\" class=\"Link_link__kR0xA Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2\" href=\"https:\/\/www.abc.net.au\/news\/2025-08-12\/star-entertainment-queens-wharf-deal-hong-kong-partners\/105641374\" data-component=\"Link\" data-uri=\"coremedia:\/\/article\/105641374\">told investors in August it had finally signed an on-again, off-again deal<\/a> with the controversial Hong Kong partners. CTFE was<a rel=\"nofollow\" target=\"_blank\" class=\"Link_link__kR0xA Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2\" href=\"https:\/\/www.abc.net.au\/news\/2025-03-28\/brisbane-casino-owner-falsely-denied-business-ties\/105105808\" data-component=\"Link\" data-uri=\"coremedia:\/\/article\/105105808\"> once linked to organised crime figures.<\/a><\/p>\n<aside class=\"ContentAlignment_marginBottom__4H_6E ContentAlignment_overflowAuto__c1_IL ContentAlignment_floatRight__nfR_t RelatedCard_relatedCard__4Im5s interactive_focusContext__yRhc_ interactive_defaults__AKxUU interactive_hoverContext__LDUDX interactive_defaults__AKxUU\" data-component=\"RelatedCard\" data-uri=\"coremedia:\/\/article\/106520196\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.abc.net.au\/news\/2025-03-28\/brisbane-casino-owner-falsely-denied-business-ties\/105105808\" data-component=\"FullBleedLink\" class=\"RelatedCard_link__rsgR9 FullBleedLink_root__lTw_U interactive_focusContext__yRhc_ interactive_defaults__AKxUU FullBleedLink_showVisited__g3Xvz\"><\/p>\n<h3 class=\"Typography_base__sj2RP RelatedCard_heading__S_nm2 Typography_sizeMobile18__eJCIB Typography_lineHeightMobile24__crkfh Typography_bold__FqafP Typography_serif__qU2V5 Typography_colourInherit__dfnUx\" data-component=\"Typography\">Report backed ABC revelations of casino&#8217;s hidden ties<\/h3>\n<p><\/a><\/p>\n<p class=\"Typography_base__sj2RP RelatedCard_synopsis__cFwMW Typography_sizeMobile14__u7TGe Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">A Queensland government report that upholds the ABC&#8217;s revelation that a Brisbane casino owner had a &#8220;concealed relationship&#8221; with a criminal junket boss.<\/p>\n<\/aside>\n<p class=\"paragraph_paragraph___QITb\">Star had been in talks with CTFE and FEC since February last year.<\/p>\n<p class=\"paragraph_paragraph___QITb\">In addition to Queen&#8217;s Wharf, the Hong Kong partners will also take over Star&#8217;s ownership of the Treasury Hotel and car park, and the Charlotte Street car park.\u00a0<\/p>\n<p class=\"paragraph_paragraph___QITb\">Star is expected to pocket $53 million in the deal, along with taking stakes in Gold Coast hotels near its casino there.<\/p>\n<p class=\"paragraph_paragraph___QITb\">In a statement, director and co-CEO of CTFE Christopher Cheng said the deal would provide &#8220;long-term stability&#8221; for Queen&#8217;s Wharf and its staff.<\/p>\n<figure class=\"ContentAlignment_marginBottom__4H_6E ContentAlignment_overflowAuto__c1_IL ContentAlignment_outdentDesktop__ijbiK Figure_figure__xLyBy Figure_docImage__DSvk4\" data-print=\"inline-media\" data-component=\"Figure\" id=\"106520000\" data-uri=\"coremedia:\/\/imageproxy\/106520000\">\n<div class=\"Figure_content__8xRH4\">\n<div class=\"FigureContent_content__GnImC\">\n<div class=\"ContentImage_ratio__0yYeG\">\n<div class=\"AspectRatio_container__FC_XH\" style=\"--aspect-ratio:1.5\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" alt=\"Lobby interior of a hotel\" class=\"Image_image__5tFYM ContentImage_image__DQ_cq\" sizes=\"100vw\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/068fc2f67c02099ecb84ac957b834c21?impolicy=wcms_crop_resize&amp;cropH=1666&amp;cropW=2500&amp;xPos=0&amp;yPos=1&amp;width=862&amp;height=575\" loading=\"lazy\" data-component=\"Image\" data-lazy=\"true\"\/><\/div>\n<\/div>\n<\/div><figcaption class=\"Figure_caption__fS2lN\" data-component=\"Figure__figcaption\">\n<p class=\"Typography_base__sj2RP FigureCaption_text__zDxQ5 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">The deal has been in the works since talks began in February last year.<!-- --> <cite>(<span>ABC News: Christopher Gillette<\/span>)<\/cite><\/p>\n<\/figcaption><\/div>\n<\/figure>\n<p class=\"paragraph_paragraph___QITb\">&#8220;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.&#8221;<\/p>\n<p class=\"paragraph_paragraph___QITb\">Executive director of FEC Wendy Chiu said the deal represented the company&#8217;s view of Brisbane as a &#8220;global city&#8221;.<\/p>\n<p class=\"paragraph_paragraph___QITb\">&#8220;We are grateful for the Queensland government&#8217;s ongoing support for the project, and are committed to working with stakeholders to ensure the continued success of Queen&#8217;s Wharf Brisbane as a premier tourism, entertainment and lifestyle destination, operating to the highest regulatory standards,&#8221; she said.<\/p>\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source www.abc.net.au \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two Hong Kong investors have become the sole owners of Brisbane&#8217;s Queen&#8217;s Wharf after Star Entertainment completed its exit from the project. 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. Chow Tai Fook Enterprises (CTFE) and Far [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2353849,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[357464,456873,322635,343079,320281,310033,357467,51925],"class_list":["post-2353848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-asx","tag-chow-tai-fook","tag-chow-tai-fook-enterprises","tag-destination-brisbane-consortium","tag-far-east-consortium","tag-queens-wharf","tag-star-casino","tag-star-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/04\/Star-Entertainment-completes-sale-of-stake-in-Queens-Wharf-to.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2353848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2353848"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2353848\/revisions"}],"predecessor-version":[{"id":2353850,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2353848\/revisions\/2353850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2353849"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2353848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2353848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2353848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}