The company has told investors it has made a deal with its Hong Kong partners, surrendering its share in Queens Wharf. "These two towers make up the river-facing side of the integrated resort and form the platform for the Sky Deck that will sit more than 100 metres above street level," Mr Crooks said. The next two towers facing South Bank will house Star’s five-star Grand Hotel and the casino’s gaming operations. Queen's Wharf project director Simon Crooks said the next phase would mark the change from when "the people of Brisbane looked down into the buildings and instead, looked into them". Star has been seeking a financial lifeline in recent months, after revealing its cash reserves sank to just $79 million at the end of 2024. The latest Chinese offer could involve CTF and FEC taking over almost $740 million in debt from Star and paying hundreds of millions to complete the Brisbane casino development.
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On Thursday night, the Australian Financial Review reported that Star's board was struggling to sign off on accounts that said the company was a going concern. "If the half-yearly report is not lodged later today as required by ASX listing rules, then the company shares will be automatically suspended from trading from Monday, 3 March 2025. Star confirmed to the sharemarket on Monday to having received the offer from California-based Oaktree Capital Management, which deals in what is known as distressed debt.
Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. It is used for industry news, analysis, special reports, and collaborative features produced by our in-house journalists and contributors. It provides direct access between South Bank and the Queen’s Wharf precinct, with connections to William and George Streets in the CBD. The bridge, with a towering mast 77 meters above sea level, is expected to see up to 10,000 pedestrian crossings daily.
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The two $100 million tranches are also secured over company assets. "The first two months of FY25 trading has shown a continued deterioration in underlying earnings, driven by a growing cost base despite a decline in revenues," Macquarie said. She warned action will escalate unless the company comes to the table with a fair offer. "The last 18 months have been filled with uncertainty, but Star workers are not backing down", Schofield said. They also say management refuses to match redundancy conditions available to workers at Star Sydney.
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Melanie specializes in analyzing legalities and the ongoing development of land-based gaming infrastructure. While Monday’s leap in shares may provide some relief in the short term, investors are still concerned regarding the company’s uncertain outlook in the long run. In spite of the company being poised to obtain tax relief from the Queensland Government as an additional avenue to further support its liquidity position, the deal fell through after The Star refused to cancel executive bonus packages. NICC’s chief commissioner, Philip Crawford, remarked at the time that the Bell Report revealed a company "that had not moved quickly enough to address the governance and cultural concerns" raised in the first report. The second inquiry into Star’s operations in New South Wales that was released in August resulted in a highly critical report, once again declaring the company unfit to run a casino in the state. https://blackcoin.co/list-of-casinos-in-brisbane/
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That means you’ll have to use an alternative method to cash out winnings. This speeds up withdrawals later and avoids delays when you’re ready to cash out. The process takes under five minutes from voucher purchase to your confirmed deposit, with no banking details required at any stage. The myNeosurf wallet is a free digital account that lets you manage your Neosurf funds in one place.
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Below is the list of casinos that accept NeoSurf as a payment option. Voucher top ups can carry fees, and withdrawals may require extra checks, which can slow exit speed. Here you’ll find notes on legality and safety of online games under the Interactive Gambling Act, and popular titles. For example, if you claim a 100% welcome bonus and deposit $200, you will receive $200 extra in bonus cash that you can use to play casino games and win real money.
If so, then it’s a good idea to start with the sites listed below. Trustly enables fast bank transfers without sharing your banking details directly with the casino — a privacy advantage over Neosurf. While small fees apply, they’re usually lower than card-based payments. It offers broad acceptance and extra perks like cashback rewards, but often includes transaction fees and, in the case of credit cards, possible interest charges.
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Personal tip from my own sessions, set a deposit limit before you start, it keeps wins fun and losses boring. Look for SSL encryption, strict KYC for withdrawals, and a privacy policy that limits data sharing and keeps account controls simple to use. If you like privacy and speed, this payment style hits a sweet spot. This content is editorial, not legal advice 18+ only, and responsible play always matters.
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