Star Entertainment’s Hong Kong investors have offered to take over the embattled casino group’s new Queen’s Wharf complex in Brisbane under a plan that would significantly ease the company’s financial woes.
Chow Tai Fook Enterprises and Far East Consortium have been locked in discussions with Star for weeks about the future of the hotel and entertainment precinct, which has a $1.6 billion debt pile and still requires hundreds of millions of dollars to be completed.
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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
