Star extends Queen’s Wharf exit agreement deadline to 31 July
The Star Entertainment Group said it and its Queen’s Wharf joint venture partners, Chow Tai Fook Enterprises and Far East Consortium International, extended the agreement’s termination date to 31 July. Star must repay A$10 million in proceeds within 30 days of 7 July; if long-form agreements are not reached by the deadline, it may also owe an estimated A$26.5 million within 60 days.
The revised terms set potential repayment obligations for Star if the parties fail to finalise their agreement.