Star Entertainment, one of the most prominent land-based casino operators in Australia, has received bad news from Brisbane as the company has been served with a process in Queensland courts by the contract builder for its Queen’s Wharf Brisbane project.
The project is worth 3.6 billion dollars and it is developed by the Destination Brisbane Consortium, in which Star Entertainment Group holds a 50 percent stake. The remaining 50 percent are divided between two companies from Hong Kong, Chow Tai Fook and Far East Consortium, which hold 25 percent each.
Earlier this summer Star Entertainment announced the postponement of the grand opening for Queen’s Wharf Brisbane, the fourth delay announced during the past year and a half. The opening date has been pushed to April 2024 from December 2023.
Now the company revealed that it has been served with an originating process in the Supreme Court of Queensland by Multiplex Constructions Qld Ltd, the contractor in charge of building the multi-billion dollar resort in Brisbane. The originating process is most likely related to issues of counterclaim.
After the latest postponement of the opening date, Destination Brisbane Consortium had been holding discussions with Multiplex Construction regarding the contractor’s claims for additional costs due to extensions of time and damages. On the other hand, Destination Brisbane Consortium also has its own claims against Multiplex Construction for damages due to delays in achieving milestones clearly stipulated in the contract between the two parties.
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