Star Delays Opening of Queen’s Wharf Brisbane
Star Entertainment Group originally planned to open the Queen’s Wharf Brisbane integrated resort in December 2023. However, due to numerous delays in construction and regulatory approvals, the resort’s opening has been pushed back to April 2024.
The owners of the $2.4 billion project reviewed were forced to delay the opening after reviewing the construction process. Destination Brisbane Consortium, which is owned by Star, is in charge of the resort, and they hold 50%, while both Hong Kong’s Chow Tai Fook Enterprises and Far East Consortium International hold 25%.
Robbie Cooke, the Star Group CEO, and managing director, explained that the project has suffered from the same problems as many other large-scale projects in Australia in recent months. While he said that it is disappointing, he pointed out that the project has already been eight years in development, and the wait will be worthwhile as it is set to attract visitors from around the world.
Competition in the region is gradually increasing, with countries such as Japan and Thailand moving forward with plans to build integrated casino resorts to boost tourism. At the same time, Macau’s gambling industry is suffering following a number of regulatory measures that are aimed at reducing gambling in favor of consumer protection.
Nonetheless, Star Group is confident about the new opening date and said that a number of milestones have been reached in the last few weeks. Almost the entirety of the Sky Deck Bridge, a 250-meter open-air rooftop with bars and restaurants, has been finished.
A preview of the Sky Deck was offered in February by Star, and since then, a great deal of progress has been made. It is hoped that the resort will attract 1.4 million tourists each year and bring significant economic boosts to Queensland.