Star Entertainment set to sell Treasury Brisbane Casino to Griffiths University

The Star Entertainment Group has officially closed a deal to sell Griffith University its leasehold interest in the Treasury Brisbane Casino building for $67.5 million, while rumors swirl about contentious tax breaks for the gaming, hospitality, and resorts group and it rattles the canine to refinance a debt of more than $1 billion.

The Star has a 50% interest in the $3.6 billion Queens Wharf development, in which it plans to open a new casino subject to obtaining the required regulatory approvals. This transaction is a part of its transition towards that project.
 
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