Queensland prepares to publish damning report on Star’s HK partner

Zoe SamiosBusiness reporter

Updated Mar 12, 2025 – 3.49pm, first published at Mar 11, 2025 – 5.55pm

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The Queensland government has said it has not received any formal notice from Star Entertainment about its plan to offload the Queen’s Wharf casino and hotel complex in Brisbane to Hong Kong investors, including one at the centre of an official probe into alleged criminal ties.

The sale of the Brisbane casino is the first part of a complicated rescue plan put in place by Star chief executive Steve McCann. The company on Tuesday confirmed the second part of its strategy, as revealed by The Australian Financial Review, was a $750 million recapitalisation backed by Salter Brothers, a property funds management firm.

clarification —

This article has been updated to better reflect what approvals Star is required to obtained in Queensland.

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.