Wednesday, July 24, 2024

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Queensland Attorney-General: Chow Tai Fook suitable partner for The Star in Brisbane

The Attorney-General of Queensland has ruled that Chow Tai Fook Enterprises Limited (CTFE) and its associates are suitable to partner with The Star Entertainment Group at its Brisbane casino.

Billionaire family from Chow Tai Fook Enterprises takes over Vietnam casino formerly owned by Alvin Chau 

According to Bloomberg, the Hong Kong billionaire family Cheng from well-known Chow Tai Fook Enterprises has taken over the Vietnam casino - Hoiana Resort, formerly controlled by Macau junket kingpin Alvin Chau.

Chow Tai Fook posts growth in 2Q same-store sales

Chow Tai Fook reported continued strong growth in same-store sales for 2Q21, though momentum has slowed from earlier this year. The Hong Kong-listed jewellry company...

Chow Tai Fook sees Q1 boom in Macau/HK sales

Gold and jewellery retail giant Chow Tai Fook saw a strong first quarter in the Mainland China, Hong Kong and Macau markets, bolstered by 'buoyant consumer sentiment'.

Star Entertainment Queen’s Wharf Brisbane debt refinancing challenging: Jefferies

Financial analyst agency Jefferies has cast some doubts on Star Entertainment's capacity to refinance its debt on the back of its lagging Queen's Wharf Brisbane project.

Star Entertainment delays Queen’s Wharf Brisbane opening until April’24

Australia’s embattled The Star Entertainment says its Queen’s Wharf Brisbane project has been pushed back to April 2024, as the project 'has not been immune from the types of pressures that other major infrastructure projects across Australia have encountered'.

Star Entertainment prioritizes licenses in NSW and QLD

Forward-looking into 2023, Star Entertainment management’s focus will be on the Remediation and transformation, a strong commitment to demonstrating suitability to hold casino licenses in New South Wales and Queensland.

The Star’s Queen’s Wharf Brisbane partners see shareholding diluted under new offering

The Star’s latest move to raise some $545 million in an equity liferaft has resulted in the diminishing of the shareholdings of its primary partners in the Queen’s Wharf Brisbane project – Hong Kong Stock Exchange-listed Chow Tai Fook and Far East Consortium.

Daily Asia Gaming eBrief: Cambodia facing looming threat of Thailand: expert

The gaming market in Cambodia is undergoing significant changes, with aims to improve the operating environment, transparency and market conditions, but Thailand is becoming increasingly worrisome, notes expert Daniel Li.

The Star Gold Coast CEO tenders resignation

The Star has announced yet another departure from its corporate leadership, with Jessica Mellor – CEO of The Star Gold Coast - tendering her resignation.