United Workers Union casinos director Andrew Jones said the union had been supportive of the Star Brisbane through many of its hurdles. In March, in a bid to stave off insolvency, Star agreed to sell its 50 per cent stake in Queen's Wharf to its joint venture partners. Star has struggled financially amid regulatory inquiries and increasingly tough gaming regulations. The deal still needs to pass regulatory checks and be approved by the Queensland government. Star told investors on Tuesday morning it had finally signed a deal with its Hong Kong partners — including one which was once linked to organised crime figures. The casino is open 24 hours a day, seven days a week, except on Christmas Day, Good Friday, and Anzac Day.
Senior Editor, EconomyAn award-winning financial journalist and analyst, Daniel brings sharp insight to economic trends, markets, and policy shifts. He is recognized for breaking complex topics into clear, actionable reports for readers and investors alike. As the selloff of Star Brisbane will take time to acquire regulatory approvals, Chris Wallin, an Australian billionaire who made his fortune in the coal industry, has agreed to loan Star A$200 million to ensure its temporary survival. The buyers of The Star Brisbane, Hong Kong-based firms Chow Tai Fook and Far East Consortium, will additionally assume A$430 million in debt owed to lenders that helped finance the resort located on the banks of the Brisbane River. Chow and Far East each own 25% of The Star Entertainment’s outstanding shares. The app ensures secure deposits and withdrawals, providing peace of mind with advanced encryption technologies. Multiple payment options, including credit cards and e-wallets, make managing your funds fast and hassle-free.