Star Entertainment looking at other options for Brisbane casino stake after deal fails

Reuters

08/01

<a href="https://laohu8.com/S/EHGRF">Star Entertainment</a> looking at other options for Brisbane casino stake after deal fails

Aug 1 (Reuters) - Australia's Star Entertainment SGR.AX said on Friday it was considering alternative options for its 50% stake in Brisbane's new Queen's Wharf casino and hotel complex, after its Hong Kong-based investors declined to extend a key deal deadline.

The embattled casino operator, earlier this month, said it had secured a last-minute reprieve from Chow Tai Fook Enterprises and Far East Consortium 0035.HK, with both sides agreeing to extend the deadline to terminate the deal to July 31.

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Alan Barona)

((Rishav.Chatterjee@thomsonreuters.com))

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