Crown’s involvement, should it be formalized, could reshape Queensland’s casino landscape and mark a turning point for the struggling Queen’s Wharf project. Meanwhile, the deal’s outcome could significantly impact Star’s survival. In addition to the looming sale deadline, the company facesa potential AU$400 million finefrom regulators over past misconduct—a penalty that could push it toward insolvency. CTFE and FEC, Blackcoin which each hold a 25% stake in the Queen’s Wharf development, are finalizing the buyout of Star’s share. A short-form agreement was reached in March, providing Star witha vital AU$53 million funding injectionandtemporary operational rightsover the Brisbane casino until at least March 31. However, tensions have grown between the parties over whether Star should remain in charge long-term.
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