<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/star-entertainment-trading-halt/0b340e34-93a7-46f2-bc4f-2bcb5ca916f9" rel="" target="" title="Star Entertainment"><span>Star Entertainment</span></a><span> has been unable to reach a deal that would see it sell its stake in Brisbane's Queen Wharf development.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The embattled casino giant remains on the brink of collapse, with its half-yearly results now more than a week late and </span><a href="https://www.9news.com.au/finance/star-entertainment-trading-halt/3985b9bd-93cf-4492-b40e-29dd452ef61d" rel="" target="" title="trading on its shares suspended since Friday"><span>trading on its shares suspended since Friday</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Australian Financial Review reported yesterday that Star was closing in on a much-needed funding deal with two of its Hong Kong-based investors.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LIVE UPDATES:</span></strong><span> </span><a href="https://www.9news.com.au/national/tropical-cyclone-alfred-live-updates-tracker-queensland-power-outages-evacuations-latest-news-headlines/13081401-e614-459c-b757-a972f4037c5d"><strong><span>Latest forecast map hints at sudden cyclone change</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The deal would see Star offload control of the $3.6 billion Queen's Wharf development, including the company's Brisbane casino, to Chow Tai Fook Enterprises and Far East Consortium in exchange for a $50 million cash injection that would help it stave off administration.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>In a statement to the stock market this morning, the casino operator confirmed talks were under way, but said no deal had yet been reached.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The Star confirms that, as announced to the ASX on 10 February 2025, it has been in discussions with its joint venture partners, Chow Tai Fook and Far East Consortium (joint venture partners) in respect of a possible disposal of the Star's 50 per cent equity interest in (the Queen's Wharf development) to the joint venture partners and related matters," the statement said.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/finance/star-entertainment-no-deal-sell-brisbane-queens-wharf-stake/f984e5de-4010-43ff-9d0f-e2dacf60bd37" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The Star has been unable to reach an agreement with its Joint Venture Partners to date."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Chow Tai Fook Enterprises and Far East Consortium are already investors in the Queen's Wharf development.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>:</span></em></strong><span> </span><em><strong><span>Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the</span></strong></em><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple App Store</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU" target="_blank"><strong><em><span>Google Play</span></em></strong></a><strong><em><span>.</span></em></strong></div></div>