The Star Entertainment Group has officially confirmed that Treasury Brisbane Casino will cease operations to the public at midnight on August 25, 2024. This strategic closure is directly linked to the imminent unveiling of the new Queens Wharf Brisbane precinct.
Transition to Queens Wharf Brisbane
The upcoming phased launch of Queens Wharf Brisbane is scheduled to commence on August 29, 2024. The closure of Treasury Brisbane is an essential step in ensuring a seamless transition to the new precinct, which promises to elevate Brisbane’s status as a premier destination for entertainment and leisure.
A milestone for Brisbane
The Queens Wharf Brisbane precinct is anticipated to be a game-changer for the city’s tourism and hospitality sectors. It will feature world-class amenities, including luxury hotels, fine dining establishments, and a state-of-the-art casino.
Queens Wharf Brisbane: awaiting final regulatory approvals
Queens Wharf Brisbane, a groundbreaking $3.6 billion development, is on the verge of a remarkable transformation. The project’s closure and subsequent reopening hinge on attaining final regulatory approvals from the Office of Liquor and Gaming Regulation (OLGR). This ambitious undertaking promises to redefine the heart of Brisbane with an enticing mix of residential, entertainment, and commercial spaces.
A comprehensive urban development
The Queens Wharf Brisbane development aims to create a vibrant urban hub, seamlessly integrating various elements of modern living. From luxurious residential towers to state-of-the-art entertainment venues and a wide array of commercial establishments, this project is set to revolutionize the city’s landscape. The fusion of these components within a single development underscores the ambition to cater to diverse needs and preferences.
Entertainment at its finest
At the core of Queens Wharf Brisbane lies a commitment to unparalleled entertainment. The project boasts plans for world-class casinos, theaters, and dining experiences, ensuring that both residents and visitors have access to an array of leisure options. The integration of these entertainment facilities aims to provide a dynamic and engaging environment that appeals to people of all ages.
Residential excellence
Queens Wharf Brisbane is not just an entertainment destination but also a haven for upscale living. The development will feature a series of luxurious residential towers, offering stunning views of the Brisbane River and the city skyline. These residences will be equipped with modern amenities and designed to provide the utmost comfort and sophistication to their occupants.
A strategic commercial hub
In addition to its residential and entertainment components, Queens Wharf Brisbane will house a variety of commercial spaces. These areas are envisioned to become thriving business hubs, attracting diverse industries and contributing significantly to the local economy. Retail outlets, office spaces, and other commercial establishments will coexist seamlessly within the development.
The ongoing efforts to secure the final regulatory approvals from the OLGR are crucial to bringing this visionary project to life. Once approved, Queens Wharf Brisbane will stand as a testament to modern urban planning and will undoubtedly become a landmark destination, redefining the cultural and economic landscape of Brisbane.
The anticipation surrounding the completion of Queens Wharf Brisbane is palpable, and as the project moves closer to realization, it holds the promise of transforming the city’s core into a dynamic and multifaceted urban precinct.
The Star Entertainment Group has embarked on a major transition, shifting its operations from the historic Treasury Brisbane site to a new state-of-the-art precinct, marking a major investment in the company’s future.
Significant investment in new precinct
The closure of Treasury Brisbane Casino underscores The Star Entertainment Group’s commitment to enhancing its offerings with modern facilities. This strategic move coincides with the official approval from the Office of Liquor and Gaming Regulation (OLGR) for Chow Tai Fook Enterprises (CTFE), a major stakeholder in both The Star Entertainment Group and the expansive Queens Wharf Brisbane development.
Comprehensive investigation
The decision follows a thorough 16-month investigation into CTFE’s suitability, which concluded without any issues that could impede the ongoing developments. This favorable outcome lays a strong foundation for the future growth of The Star Entertainment Group and its ambitious projects.
Summary of key details
- Investment: High-value investment by The Star Entertainment Group;
- Transition: Moving from Treasury Brisbane to a new precinct;
- Approval: Clearance from OLGR for Chow Tai Fook Enterprises;
- Investigation Period: Extensive 16-month evaluation;
With the transition now officially underway, The Star Entertainment Group is well-positioned to offer enhanced experiences to its clientele in a cutting-edge environment. This move stands as a testament to the company’s forward-thinking approach and dedication to growth within the dynamic casino and entertainment sector.
The investigation was initiated due to concerns over CTFE’s alleged connections to Asia-based junkets, including Suncity Group. The conclusion in February 2024 allowed the project to proceed without additional regulatory obstacles.
The Star Entertainment Group has been under increased scrutiny in recent years, with ongoing inquiries by the New South Wales Independent Casino Commission into the company’s compliance with anti-money laundering and counter-terrorism financing laws.
