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.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
