Pandemic-related restrictions and “softer CBD visitation” contributed to an 11 per cent half-yearly drop in revenue in Brisbane.
The company sold a VIP jet during the period,while its agreement to sell Treasury Casino,hotel and car park was worth $248 million. The Star will lease back the hotel and car park,and consider a similar sale and leaseback for its Gold Coast casino and Queen’s Wharf Brisbane.
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The project is being delivered by Destination Brisbane Consortium,comprised of The Star and its Hong Kong-based partners,Chow Tai Fook Enterprises and Far East Consortium.