Hong Kong investors threaten to withdraw from Star Brisbane casino deal
Chow Tai Fook Enterprises and Far East Consortium threatened to withdraw from the proposed purchase of Star Entertainment’s stake in Brisbane’s Queen’s Wharf casino, citing unresolved commercial terms, according to the report. The investors agreed in March to buy Star’s 50% interest, but Far East said the terms had not been finalised and the parties were taking more time.
A withdrawal could leave Star’s planned sale of its Brisbane casino stake unresolved.