The sale concludes a protracted period of uncertainty around Star's involvement in the Queens Wharf precinct, Brisbane's largest urban renewal project. Star had been under intense regulatory pressure following multiple inquiries into its suitability to hold a casino licence, with findings of serious governance failures and money laundering vulnerabilities.
Chow Tai Fook Enterprises and Far East Consortium, both major Hong Kong-based property and entertainment conglomerates, now take full control of the consortium. Queens Wharf, located on Brisbane's riverfront, encompasses a casino, hotels, restaurants, and public spaces as part of a multi-billion dollar development.