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Embattled Star offloads major resort in new deal
Manage episode 499855362 series 5428
Star Entertainment, which operates casinos in Sydney, the Gold Coast, and Brisbane, has secured a deal with Hong Kong-based partners to service piles of debt and alleviate critical cash flow issues.
But it will have to walk away from its landmark Queen's Wharf development on the Brisbane River, a gleaming new $2.6 billion hotel and casino backed by government as a jewel in the city's tourism crown.
- Guest: Stephen Mayne, commentator and shareholder activist
- Producer: Jason Whittaker
12264 episodes
Manage episode 499855362 series 5428
Star Entertainment, which operates casinos in Sydney, the Gold Coast, and Brisbane, has secured a deal with Hong Kong-based partners to service piles of debt and alleviate critical cash flow issues.
But it will have to walk away from its landmark Queen's Wharf development on the Brisbane River, a gleaming new $2.6 billion hotel and casino backed by government as a jewel in the city's tourism crown.
- Guest: Stephen Mayne, commentator and shareholder activist
- Producer: Jason Whittaker
12264 episodes
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