NewsBite

Queen's Wharf

May

Pathway to loss: Builder Multiplex has taken a $192.6 million hit from unpaid bills over its work on Brisbane’s Queen’s Wharf complex.

Star’s Brisbane project pulls Multiplex deeper into loss

The hit to one of Australia’s largest builders makes it another casualty of the ambitious – and financially disastrous – pet project of Star Entertainment.

April

Brisbane’s newest attraction has three infinity pools and killer views

The Star Brisbane launches its long-awaited Isoletto Pool Club, seven months after the hotel’s grand opening.

March

Bally’s chairman Soo Kim toured the Star casino with an Australian friend.

Mystery shopper behind Bally’s’ Star interest reveals himself

Stockbroker Angus Aitken told clients he was the sherpa for Bally’s Soo Kim on his recent visit to Sydney.

The $3.6 billion Queen’s Wharf development will be given to its Hong Kong investors under a new deal.

Hong Kong investors to rescue Star, close in on Brisbane casino

The struggling entertainment group has debts totalling $400 million and its shares have not traded since Monday because it has been unable to sign off accounts.

January

Nikki Smythe during her Freehills days.

Star’s lenders bring in gun restructuring lawyer as casino risks collapse

The decision to hire Nikki Smythe is understood to have been driven by Deutsche Bank, which is shaping up as a key player in deciding Star’s future.

Advertisement
Queen’s Wharf is Star’s newest casino, but one that has left the company facing high debts.

Heavyweight Star investors land in Brisbane as casino teeters on brink

The company said it was “no certainty” it would be able to raise any more money to avert collapse as it discusses its options with major shareholders.

Christmas festivities at The Star Brisbane at Queen’s Wharf.

Battling Star Entertainment loses the confidence of its banks

Once a $4 billion casino giant, Star could land in voluntary administration within months as its poor financial results discourage lenders and possible bidders.

December 2024

A decision on Star’s gaming licence has been deferred by the new Queensland government.

Queensland defers Star’s licence suspension decision

A decision on suspending Star’s licence has been deferred as the new Queensland government vows to scrutinise troubled gaming operator.

September 2024

New Star Entertainment CEO Steve McCann’s fix-up job has barely begun.

Star funding deal done, now to prevent a white elephant

Star Entertainment’s directors will get over one hurdle, only to face the next. Such is the life of a casino operator in 2024.

Tourists and locals at Queen’s Wharf in Brisbane this week. But much of the complex is still closed, and is opening in stages.

Star’s Queen’s Wharf comes to life – unless you want to shop or eat

It’s been dubbed a “multistaged opening” or, in other words, a work in progress. But the sight of hi-vis and faint smell of sawdust haven’t deterred visitors.

Queensland’s Opposition has vowed to release the findings of a secret report into Star’s casino if it forms government next month.

Vow to release secret Queensland report into Star’s HK partner

The report into Star Entertainment’s marquee Brisbane casino examined possible criminal links with one of its business partners.

The federal government should establish a national mandatory pre-commitment system across all online gambling.

It’s time Australia put the guardrails on its gambling habit

The public is ready for gambling reform, if only politicians were brave enough to take it up.

August 2024

Once completed, the Neville Bonner Bridge will connect South Bank’s cultural precinct with the top end of the CBD.

Queen’s Wharf opening to revive Brisbane – and Star Entertainment

After years under construction and a stream of opening delays, Brisbane’s mega $3.6 billion resort and casino complex will finally fling open its doors next week.

Steve McCann with another thoroughbred enthusiast,  King Charles III.

Star’s Steve McCann and the Malay tycoon

Sources say McCann has been doing a range of work for the low-profile Malaysian businessman since leaving Crown Resorts.

July 2024

Steve McCann: well-rested, before his London trip.

Steve McCann’s big London trip

McCann took the reins of Star Entertainment on July 8. And on July 15, he was off to London, with the board’s acquiescence.

Advertisement

March 2024

Star attracts a range of customers to its casinos in Queensland and NSW, including VIP high rollers.

Embattled Star caught in HWL Ebsworth breach

Hackers stole 2.5 million documents from HWL Ebsworth clients last April. Some of Star’s customers and employees were compromised.

January 2024

The interior redesign by Anna Carin and Melinda Bekier overlooks a garden by landscape architect Asher Cole.

Energy guru takes keys to ex-Star CEO’s record-setting Sydney home

Energy expert Olivia Kember has emerged as the record-setting $13.5 million buyer of former Star Casino boss Matt Bekier’s converted warehouse in Sydney’s inner west.

The Star reported a full-year loss of $2.44 billion for the 2023 financial year.

Ord Minnett hoovers up Star shares with fingers pointed at Mathieson

The billionaire publican already controls about six per cent of the embattled casino operator. He is also a shareholder in the stockbroking firm.

December 2023

Betty Ivanoff, Star’s chief legal officer, quietly left the business last month.

Executive departures deepen Star Entertainment’s legal woes

Betty Ivanoff, a former group counsel at Crown Resorts and Coca-Cola Amatil, resigns after about six months in the role.

August 2023

Stretching it out further? Progress on the Queens Wharf Resort and casino in Brisbane, already delayed until April, is at risk of further delay from a legal fight between builder Multiplex and its Destination Brisbane Consortium client.

Queens Wharf consortium stops paying Multiplex bills

The Destination Brisbane Consortium claims delay payments of $123 million against the builder and is offsetting those against progress claim payments.

Original URL: https://www.afr.com/topic/queen-s-wharf-1lzx