• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Queen’s Wharf Brisbane development plan approved: firm

Dec 27, 2017 Newsdesk Latest News, Top of the deck, World  


Queen’s Wharf Brisbane development plan approved: firm

The Queensland government in Australia has approved the development plan for the Queen’s Wharf Brisbane precinct, said Australian casino operator Star Entertainment Group Ltd. The project includes hotels, a casino and a residential complex, according to its developers.

The application was submitted earlier this year by Destination Brisbane Consortium, a joint venture entity in which Star Entertainment has a 50 percent interest.

The other shareholders in the consortium are Hong Kong-based Chow Tai Fook Enterprises Ltd and Far East Consortium (Australia) Pty Ltd, a unit of Far East Consortium International Ltd.

“The Star, along with its consortium partners Chow Tai Fook Enterprises and Far East Consortium, will review the development approval terms and progress the next steps for the project in accordance with the development agreements with the State of Queensland,” the Star Entertainment said in a filing to the Australian Securities Exchange.

It added that further project updates will be released alongside the company’s first half financial results for the 2018 fiscal year.

The Queensland government had granted a casino licence for Queen’s Wharf Brisbane in October 2016, which allows casino operations “to commence upon completion” of the project.

The casino licence should be for a term of 99 years under an agreement announced in November 2015. It should also contain an exclusivity clause that prohibits the setting up of any other casinos within 60 kilometres (37.3 miles) of Brisbane’s central business district for a 25-year period from the start of gaming operations at the new casino resort.

In August, Star Entertainment reported a 36 percent year-on-year increase in net profit after tax for the financial year ended June 30. The company said in a filing that a higher-than-normal win rate made up for a fall in turnover from high rollers coming from “North Asia”.


  • tweet
Related articles
  • Ainsworth US$40mln half-year loss on impairment charge
    Ainsworth US$40mln half-year loss on...

    Feb 25, 2021  

  • Ainsworth flags improved revenue in half to December
    Ainsworth flags improved revenue in...

    Feb 10, 2021  

More news
  • Sands China to pay US$2.4mln tax re Gondola Ride: court
    Sands China to pay US$2.4mln tax re...

    Mar 04, 2021  

  • A fresh US$2-bln casino project proposed for Vietnam
    A fresh US$2-bln casino project...

    Mar 04, 2021  


Latest News

Sands China to pay US$2.4mln tax re Gondola Ride: court

Sands China to pay US$2.4mln tax re Gondola Ride: court

Mar 04, 2021  

Macau’s Court of Second Instance has upheld decisions by a public department in the city, ordering casino operator Sands China Ltd to pay a total of MOP18.9 million (US$2.4 million) in tourism tax...
Read More
A fresh US$2-bln casino project proposed for Vietnam

A fresh US$2-bln casino project proposed for Vietnam

Mar 04, 2021  

LVS plans to keep U.S. base, stock listing: spokesman

LVS plans to keep U.S. base, stock listing: spokesman

Mar 04, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Asia remains the backbone of this company and our developments in Macau and Singapore are the centre of our attention”

Robert Goldstein

Chairman and chief executive of casino operator Las Vegas Sands



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Galaxy Macau to add Raffles-branded hotel towerGalaxy Macau to add Raffles-branded hotel tower March 1, 2021
  • Macau casino GGR down 9pct m-o-m in February: govtMacau casino GGR down 9pct m-o-m in February: govt March 1, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us