The casino complex has blown its budget and fallen behind schedule, blaming bad weather and the COVID-19 pandemic for delaying the casino and entertainment complex’s completion.
The Queen’s Wharf construction site, pictured on Wednesday. Star has revealed a 10 per cent cost blow-out.
It would also prove a costly delay. Star estimated the project’s budget would blow out by about 10 per cent. “Total project costs are expected to be up about 10 per cent on prior guidance of $2.6 billion due to escalating construction material costs, labour shortages, supply chain challenges and the program delay as well as the inclusion of capital equipment required to open the IRD.The cost of the entire Queen’s Wharf precinct has previously been estimated at $3.6 billion, $2.6 billion of which was the integrated resort component. The rest of the cost was for associated residential towers.
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