Australia’s Star Entertainment Group is set to unveil its highly anticipated AU$3.6 billion (US$2.4 billion) Queen’s Wharf Brisbane development, known as The Star Brisbane, on 29 August. This significant riverside complex, which has been delayed by two years, will open in phases, offering a range of attractions and facilities aimed at revitalizing Brisbane’s central business district (CBD).
Phased Opening of Attractions and Facilities
The initial phase of The Star Brisbane’s opening will include the main gaming floor, the luxurious Star Grand Hotel, an event center, the Sky Deck public viewing platform, various bars and restaurants, and a pedestrian bridge and bikeway. The development will continue to unveil additional bars, restaurants, and a large public space throughout September and October.
Daniel Finch, CEO of Star Brisbane, emphasized the importance of public spaces in the first phase of the opening. “Public spaces will be among the first areas to be opened, including the viewing platform on Sky Deck, Miller Park, and the Neville Bonner Bridge linking Queen’s Wharf to South Bank,” Finch stated in an interview with The Brisbane Times. He expressed his excitement for the development’s potential to energize Brisbane’s CBD and nighttime economy, promising more exact dates for the diary soon.
Closure of Treasury Brisbane
In anticipation of the new casino’s opening, Star Entertainment Group plans to close its existing Brisbane casino, Treasury Brisbane. This move aligns with the company’s strategy to transition operations to the new, state-of-the-art facility at Queen’s Wharf.
Ownership and Joint Venture Details
The Queen’s Wharf development is a joint venture project with ownership split among three major entities: Star Entertainment Group holds a 50% stake, while Hong Kong jewelry giant Chow Tai Fook Enterprises and real estate company Far East Consortium each own 25%. Both Chow Tai Fook and Far East Consortium have gaming interests elsewhere, adding to the consortium’s expertise in the industry.
Regulatory Scrutiny and Clearance
Chow Tai Fook Enterprises recently faced scrutiny from the Office of Liquor and Gaming Regulation (OLGR) regarding allegations of links to Asian-based junkets, including Suncity Group and its incarcerated CEO, Alvin Chau. Following an investigation, the OLGR found insufficient evidence to deem the company unsuitable for involvement in the project, allowing it to retain its interest in Queen’s Wharf.
Star Entertainment’s Regulatory Challenges
Star Entertainment Group itself is navigating regulatory challenges, particularly concerning its suitability to hold a casino license in New South Wales (NSW) for The Star Sydney. A report from a second inquiry into this matter is expected to be submitted around the time The Star Brisbane opens. Addressing these issues, Finch underscored the company’s commitment to regulatory compliance and community responsibility. “We are subject to regulatory and government approvals, and our remediation is crucial to ensure we deliver the best possible outcomes,” Finch stated. “We have a responsibility to our community, our guests, and our team members to be better and provide the safest environment possible across the entire business.”
Revitalizing Brisbane’s CBD
The Queen’s Wharf development represents a transformative project for Brisbane, promising to invigorate the city’s CBD and enhance its appeal as a premier destination for entertainment, hospitality, and tourism. The phased opening strategy ensures that the public can begin to enjoy the new facilities while the remaining components are gradually brought online.
Economic Impact and Job Creation
The Star Brisbane is expected to have a significant economic impact on the region, creating numerous job opportunities during both the construction and operational phases. The influx of visitors attracted by the new development will likely boost local businesses and contribute to the overall growth of Brisbane’s economy.
Sustainability and Innovation
In addition to its economic benefits, the Queen’s Wharf development emphasizes sustainability and innovation. The project incorporates green building practices and aims to set new standards for environmental responsibility in large-scale developments. The inclusion of public spaces, pedestrian pathways, and bikeways highlights the commitment to creating a vibrant, accessible, and eco-friendly urban environment.
Cultural and Recreational Offerings
The Star Brisbane will offer a diverse range of cultural and recreational activities, enhancing the city’s social and cultural landscape. From world-class entertainment events at the event center to stunning views from the Sky Deck, the development is poised to become a hub of activity and a key attraction for both locals and tourists.
The opening of The Star Brisbane marks a significant milestone for the Queen’s Wharf development and the city of Brisbane. With its phased rollout of attractions and facilities, commitment to sustainability, and focus on regulatory compliance, The Star Brisbane is set to become a cornerstone of the city’s revitalization efforts. As the new complex opens its doors, Brisbane can look forward to a bright future with enhanced economic prospects, cultural offerings, and a rejuvenated CBD.
The Star Brisbane represents a multi-faceted development with the potential to transform Brisbane’s urban landscape. Its phased opening, regulatory adherence, and commitment to sustainability underscore the project’s ambition to create a world-class destination that benefits both the local community and visitors alike. As the development progresses, it will undoubtedly play a pivotal role in shaping the future of Brisbane’s CBD and its nighttime economy.