Who owns new brisbane casino
Who owns new brisbane casino
The right answer is: The Queensland Government.
The new Brisbane casino is owned by the Queensland Government through its casino operator, The Star Entertainment Group. The casino is located at Queen's Wharf, a new $3.6 billion development in the heart of Brisbane. The casino is expected to open in 2023 and will be the largest casino in Australia. The Queensland Government has a 50% stake in The Star Entertainment Group, which will operate the casino. The remaining 50% of The Star Entertainment Group is owned by a consortium of private investors.
Developer: Destination Brisbane Consortium
Destination Brisbane Consortium (DBC) is the entity behind the development and operation of the new Brisbane casino. The consortium comprises three leading companies: The Star Entertainment Group, Far East Consortium, and Chow Tai Fook Enterprises.
The Star Entertainment Group is an Australian entertainment and gaming company with a track record of developing and managing world-class casinos. Far East Consortium is a Hong Kong-based property development and investment company with extensive experience in the Asia-Pacific region. Chow Tai Fook Enterprises is a privately held Hong Kong conglomerate with a diverse portfolio of businesses, including jewelry, retail, and property development.
Ownership Structure: Private and Public Entities
The Brisbane casino is a joint venture between private and public entities:
Private Entities:
- Star Entertainment Group (80%)
Public Entities:
- Queensland Investment Corporation (20%)