Star seeks tax relief from Queensland after $3.6bn precinct launch

Star Entertainment is seeking tax relief from the Queensland government shortly after the grand opening of its $3.6 billion Queen's Wharf precinct in Brisbane on August 29. The project, which has created 3,000 jobs, is now facing financial difficulties, with reports indicating that the casino operator requires $300 million in short-term funding to maintain operations. Premier Steven Miles expressed concern over the potential closure of the precinct, emphasizing its significance for Brisbane's future and the upcoming 2032 Olympics. The Queensland government is currently in discussions with Star regarding possible tax deferrals, a common practice for large-scale projects that promise substantial job creation. However, the casino operator's financial troubles have been exacerbated by regulatory issues, including a delayed financial report and ongoing scrutiny from the NSW Independent Casino Commission, which deemed Star unsuitable to hold a casino license. Despite the challenges, the Queensland gambling regulator approved a license for the new Queen's Wharf casino just two days before the release of a critical report. This has raised questions about the transparency of the approval process, particularly after accusations that the government attempted to block the release of a probity report concerning Chow Tai Fook Enterprises, a partner in the project. As the situation unfolds, the Queensland government has postponed any potential suspension of Star's casino licenses until December, allowing the operator some breathing room as it navigates these complex regulatory and financial challenges. The outcome of these discussions will be crucial for the future of the Queen's Wharf precinct and its role in the local economy.