Friday, 1st December 2023

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Brisbane Casino Resort is being developed by the privately owned Destination Brisbane Consortium, a joint venture between Star Entertainment and two Hong Kong-based partners: Chow Tai Fook Enterprises Ltd, and Far East Consortium International Ltd.

Star owns 50% of the venture and the other half is split equally between Chautai Phuk and the Far East consortium. 파칭코사이트인포

In Monday’s submission, The Star said the decision to change the development’s expected opening date followed a “review of current construction progress.”

The statement quoted Robbie Cook, the group’s chief executive and managing director at The Star, as saying: “The revised open date is a careful consideration of the current progress of our builder. Queen’s Warf has not been free from the pressures faced by other major infrastructure projects across Australia.”

He added: “We are disappointed, but this innovative development for Brisbane is already eight years old and will be well worth the wait.”

In July last year, the consortium announced that it expected project costs to “increase by about 10%” under preliminary guidance of A$2.6 billion ($1.7 billion at the current exchange rate). “Pre-opening and other operational preparation costs will be added to this estimate,” the publicist added at the time.

In December, Queensland authorities announced that The Star’s in-state license was suspended for “90 days,” and properties there would be placed under state supervision. The Australian casino operator was also fined A$100 million.

The Queensland government determined in October that The Star was “inappropriate” to hold a casino license there. A review process has been completed to lure troubled gamblers in other Australian states after the casino operator discovered that he had concealed illegal gambling payments from Chinese customers from authorities.

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