STAR GETS CASINO LICENCE FOR QUEEN'S WHARF

Written on the 14 October 2016

STAR GETS CASINO LICENCE FOR QUEEN'S WHARF STAR Entertainment Group (ASX: SGR) has secured the casino license for its $3 billion Queen's Wharf Brisbane Integrated Resort Development, the company announced today.

The license will be issued to the Destination Brisbane Consortium, which comprises Far East Consortium and Chow Tai Fook Enterprises.

Star, which has a 50 per cent interest in the project, will pay $77 million towards the $213 cost of the new licence.

The fee will be paid to the Queensland Government by 27 October.

The Queen's Wharf precinct will be situated alongside the current Treasury Casino, on the bank of the Brisbane River.

The project is expected to create 2,000 construction jobs and 8,000 ongoing jobs when the resort is operational in 2022.

Star is trading down 1.03 per cent at $5.75 per share late this morning.

Latest News

SLATER AND GORDON TAKES SPOTLESS TO COURT

SPOTLESS Group (ASX: SPO) has been hit by a class action launched by Slater and Gordon (ASX: SGH) in the Federal C...

ANSELL'S SHARE PRICE SWELLS AFTER SALE OF CONDOM BUSINESS

IT'S one of Australia's most successful and enduring manufacturing success stories and the Ansell condom busi...

TOPSHOP GOES INTO ADMINISTRATION AMID VOLATILE RETAIL MARKET

TOPSHOP has become the latest in a string of retailers blasted by the volatile retail market, as the iconic fashio...

SIGMA'S SHARE PRICE TAKES A BATTERING AS IT LAUNCHES LEGAL ACTION OVER SUPPLY DEAL

SIGMA Healthcare (ASX: SIG) has taken the MyChemist and Chemist Warehouse chains to court to demand they continue to ...

Related News

SLATER AND GORDON TAKES SPOTLESS TO COURT

SPOTLESS Group (ASX: SPO) has been hit by a class action launched by Slater and Gordon (ASX: SGH) in the Federal C...

TOPSHOP GOES INTO ADMINISTRATION AMID VOLATILE RETAIL MARKET

TOPSHOP has become the latest in a string of retailers blasted by the volatile retail market, as the iconic fashio...

SIGMA'S SHARE PRICE TAKES A BATTERING AS IT LAUNCHES LEGAL ACTION OVER SUPPLY DEAL

SIGMA Healthcare (ASX: SIG) has taken the MyChemist and Chemist Warehouse chains to court to demand they continue to ...

REGIONAL BANKS HIT OUT AT RATING CUT AND WARN BIG FOUR WILL BENEFIT

REGIONAL banks have hit out at a downgrade on their credit ratings, warning that it will increase their wholesale fun...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter