The owners of Queen’s Wharf precinct are in talks with Crown Resorts about a takeover of casino operations, a move that would expand the Blackstone-owned business into Queensland for the first time.
Chow Tai Fook Enterprises and Far East Consortium, which each own 25 per cent of the sprawling hotel, casino, and entertainment complex in Brisbane, are finalising the purchase of Star Entertainment’s 50 per cent stake in the business. They want to replace Star as the precinct’s casino operator by early next year.