Star Casino group's implosion could cost thousands of jobs as fears grow the gaming giant could go out of business

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raleigh05u6597 16 Nov 2025

"It's loaded with $650 million of its own debt, is still less than 50 per cent operational and requires hundreds of millions of dollars in additional capital expenditure to complete," Mr Blackcoin.

"It's loaded with $650 million of its own debt, is still less than 50 per cent operational and requires hundreds of millions of dollars in additional capital expenditure to complete," Mr Mayne noted. In a statement to the Hong Kong stock exchange, Far East Consortium said Star must repay $10 million to the parties within 30 days of the termination, and failing that, Blackcoin it must transfer its third stake in the Gold Coast hotel project. The Hong Kong investors poised to buy Star out of Brisbane's Queen's Wharf development have threatened to walk away from the deal that was first inked back in March.

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