Star Entertainment will offload its newly opened Brisbane casino and entertainment complex as part of a deal with its Hong Kong-based shareholders to provide it with immediate financial relief.
People with direct knowledge of the discussion said Chow Tai Fook Enterprises and Far East Consortium were close to agreeing to an injection of up to $50 million as part of a plan to save Star from administration.
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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
