The Star Finalises Exit from Brisbane Consortium and Resets Queen’s Wharf Fee Structure

An update from Star Entertainment Group Limited ( (AU:SGR) ) is now available.

The Star Entertainment Group has completed the first stage of its previously announced asset transaction by selling its interest in Destination Brisbane Consortium, owner of the Queen’s Wharf Brisbane integrated resort, to joint venture partners Chow Tai Fook Enterprises and Far East Consortium. The group will no longer hold an equity stake in DBC but will remain involved through a revised casino management arrangement.

Under the new terms, effective 1 April 2026 subject to regulatory and lender approvals, The Star will receive a fixed annual casino operator fee of $18 million paid monthly, plus a performance-based EBITDAM-linked incentive fee, while DBC gains a new right to terminate the management agreement on performance grounds with 90 days’ notice. Completion of Stage 1 also satisfies a key condition for new financing facilities from WhiteHawk and releases The Star’s guarantee on Queen’s Wharf debt, while Stage 2, covering remaining Brisbane and Gold Coast assets including DGCC and the Treasury Hotel, is expected to complete in the second half of calendar 2026 and no later than 31 March 2027.

The most recent analyst rating on (AU:SGR) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Star Entertainment Group Limited stock, see the AU:SGR Stock Forecast page.

More about Star Entertainment Group Limited

The Star Entertainment Group Limited is an Australian listed casino and integrated resort operator, with major properties in Brisbane and the Gold Coast. Its core business spans gaming, hospitality and entertainment, targeting domestic and international tourists as well as local patrons in the competitive east coast casino market.

Average Trading Volume: 8,084,605

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$796.2M

See more data about SGR stock on TipRanks’ Stock Analysis page.