Who owns the star casino brisbane
Who owns the star casino brisbane
The Star casino Brisbane is jointly owned by Echo Entertainment Group (50%) and Far East Consortium International (50%).
Echo Entertainment Group is a diversified leisure group with operations across Australia, including casinos, resorts, hotels, and restaurants. Far East Consortium International is a Hong Kong-based property and investment conglomerate with a diverse portfolio of businesses, including hospitality, retail, and logistics. The ownership structure of Echo Entertainment Group is complex, with a number of other companies holding minority stakes. These include The Star Entertainment Group (approximately 34%), The Hongkong and Shanghai Hotels, Limited (approximately 13%) and Crown Resorts Limited (approximately 10%).
Who is the Current Licensee?
The Star Entertainment Group Limited (ASX: SGR) is the current licensee of the Star Casino Brisbane.
Historical Ownership of the Star Casino Brisbane
The Star Casino Brisbane, formerly known as the Conrad Treasury Casino, has undergone several ownership changes since its inception in 1995.
The casino was initially developed by Conrad International, a subsidiary of Hilton Worldwide. In 2004, it was acquired by the Echo Entertainment Group, which rebranded it as Jupiters Hotel & Casino. In 2011, Echo Entertainment was itself acquired by Crown Resorts, which subsequently renamed the property Crown Brisbane. In 2022, Crown Resorts sold the casino to The Star Entertainment Group, which operates it today as The Star Casino Brisbane.