The Star Entertainment Group has announced that the Treasury Brisbane Casino will close to the public at midnight on 25 August 2024.
This closure is part of the final preparations for the staged opening of the new Queens Wharf Brisbane precinct, set to begin on 29 August 2024. The closure and subsequent opening are contingent upon final regulatory approvals from the Office of Liquor and Gaming Regulation (OLGR).
Queens Wharf Brisbane, a $3.6bn development, will feature a mix of residential, entertainment and commercial spaces. The project represents a significant investment by The Star Entertainment Group, marking a shift in its operations from the older Treasury Brisbane site to the newly developed precinct.
The closure of Treasury Brisbane Casino comes after the OLGR cleared Chow Tai Fook Enterprises (CTFE), a major stakeholder in The Star Entertainment Group and the Queens Wharf Brisbane development, of any suitability issues following a 16-month investigation.
This investigation was initiated due to concerns over CTFE's alleged connections to Asia-based junkets, including Suncity Group. The investigation's conclusion in February 2024 allowed the project to proceed without additional regulatory obstacles.
The Star Entertainment Group has been under increased scrutiny in recent years, with various investigations into its operations. These include ongoing inquiries by the New South Wales Independent Casino Commission into the company's compliance with anti-money laundering and counter-terrorism financing laws.
