Star Entertainment has sold its former Treasury Casino property in Brisbane as the embattled gaming giant scrambles for fresh financing and a tax reprieve to manage cost blowouts at its new Queen’s Wharf development.
The company confirmed months of speculation late on Friday by confirming the historic site would be sold to Griffith University for $67.5 million. Star is expected to pocket $60.7 million, the company said.
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
