Reported about 7 hours ago
Star Entertainment has finalized a deal to sell its 50% stake in a A$3.6 billion Brisbane resort to Hong Kong investors for A$53 million, resuming a transaction that previously fell through. This deal involves Star retaining two-thirds of the Dorsett and Andaz hotels under construction and rights for future developments at Gold Coast operations. The agreement comes amid financial challenges for Star, stemming from regulatory issues and lawsuits.
Source: YAHOO