The Star Entertainment Group, co-owner of Queen's Wharf, is facing financial difficulties with dwindling funds and a potential fire sale looming. This raises questions about the future of the multi-billion dollar project, especially its casino component, amidst concerns about problem gambling and the economic impact on Brisbane.
In the past month, co-owner and casino operator the Star Entertainment Group has declared it only has $79 million left in the bank, and is asking its lenders for more money.
Star chief executive Steve McCann has asked the Queensland and NSW governments to consider a tax break on gaming revenue. NSW Premier Chris Minns was firm that the state had other priorities.But separating the everyday staff from the “corporate suits”, as Crisafulli describes Star bosses, is not so simple. This week his rhetoric shifted, ever so slightly, to broader terms about their business.
A decade after Queen’s Wharf was given the green light, we’re debating whether it will fold before it even fully opens. Star’s financial challenges put that 5 per cent back in the spotlight. How much was it expected to contribute to the precinct’s overall revenue and success, and has that now changed?
Queen's Wharf Star Entertainment Group Casino Brisbane Gambling Tourism
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