• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 25 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Queensland government says insufficient evidence to find Hong Kong’s Chow Tai Fook unsuitable ahead of Queen’s Wharf Brisbane launch

Ben Blaschke by Ben Blaschke
Fri 3 May 2024 at 06:42
Hong Kong’s Far East Consortium reports first full year gaming revenue after Australian, European acquisitions

Star’s AU$3.6 billion Queen’s Wharf Brisbane development

60
SHARES
1.5k
VIEWS
Print Friendly, PDF & Email

The Queensland state government has deemed there to be insufficient evidence to find Chow Tai Fook Enterprises (CTFE) – the Hong Kong-listed jewelry giant with casino links in Australia, Macau, Vietnam and the Bahamas – unsuitable to be associated with Star Entertainment Group’s soon-to-open Queen’s Wharf Brisbane development.

The finding comes after the state’s former Attorney-General directed in September 2022 the Office of Liquor and Gaming Regulation (OLGR) to investigate the company’s suitability following media reports citing its links to Asian-based junkets, including Suncity group and its now incarcerated CEO, Alvin Chau.

CTFE holds a 4.99% stake in Star Entertainment Group and a 25% stake in the Queen’s Wharf Brisbane development but is also part of a three-way consortium that owns Vietnam’s Hoiana and in 2016 took control of the controversial Baha Mar integrated resort in the Bahamas.

CTFE Chairman Henry Cheng famously holds a 10% stake in STDM, the company founded by Macau gaming icon Stanley Ho and parent company of Macau concessionaire SJM Holdings.

According to details released by the office of Queensland’s Attorney-General Yvette D’Ath on Thursday, the investigation into CTFE took place over 16 months through February 2024 and was conducted by OLGR with the assistance of an external private firm specializing in financial investigations. It involved “considerable investigative work” including the conduct of interviews with CTFE senior management, formal and informal interviews with other people including overseas sources, information gathering from CTFE and preparation of a detailed investigation report. The investigation also drew on an earlier suitability investigation completed by OLGR in 2015, the Attorney-General’s office said.

“The Attorney-General’s ultimate decision is that there is insufficient evidence to conclude that CTFE or its relevant associates are unsuitable,” it explained.

“In some respects, the allegations were not supported by material that showed them to be true. In other respects, there was not an appropriate basis to find unsuitability.”

The Attorney-General’s office also explained that the external private firm hired to assist had reviewed the sufficiency of the original suitability investigation conducted by OLGR in 2015, forming the view that the investigation was “conducted with diligence, due care and appropriate scope and that the findings of that investigation were reasonable and consistent with the evidence gathered by the investigation team.”

Star Entertainment Group, which will launch Queen’s Wharf and The Star Brisbane casino in August, continues to face its own suitability issues with a report due at the end of this month on the findings of a recent inquiry into The Star Sydney.

Star shares have hit their lowest levels in recent weeks at around AU$0.40 per share, down from high of more than AU$5.00 at their 2018 peak.

RelatedPosts

Ainsworth flags 1H25 revenue growth on Australian market strength but Novomatic takeover facing opposition by family of founder

Novomatic submits new unconditional takeover bid for Australian slots supplier Ainsworth

Wed 20 Aug 2025 at 06:33
New investor requests two seats on new-look Donaco board

Donaco goes private following full acquisition by Hong Kong investment firm

Wed 20 Aug 2025 at 05:50
Ainsworth completes first Philippines installations of new A-Star slots cabinet

Ainsworth results improved in 1H25 on 81% increase in revenue from Asia-Pacific region

Wed 20 Aug 2025 at 04:56
Ciarán Carruthers: Crowning glory

Victorian regulator censures Crown Melbourne after players allowed to continue beyond pre-commitment limits

Tue 19 Aug 2025 at 19:37
Load More
Tags: AustraliaChow Tai FookQueen's wharf brisbaneStar Entertainment GroupsuitabilityThe Star Brisbane
Share24Share4
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Pacific puzzle

Team King completes acquisition of Saipan casino assets but IPI ownership links linger

by Newsdesk
Mon 25 Aug 2025 at 05:33

Team King Investment (CNMI) LLC, a recently incorporated company which in February won a bid to acquire the casino assets of Imperial Pacific International, has officially closed the deal and taken ownership. According to local media outlet Marianas Variety, the...

More reasons to visit Clark

Hann postpones US$207 million IPO due to poor market conditions

by Ben Blaschke
Sun 24 Aug 2025 at 11:19

The holding company of Clark’s Hann Casino Resort has postponed an initial public offering that had been planned to take place in September, according to a report by Bloomberg. The delay is due to global uncertainties that have heavily impacted...

Macau visitor arrivals grew 14.5% year-on-year to 3,458,366 in July

Macau visitor arrivals grew 14.5% year-on-year to 3,458,366 in July

by Pierce Chan
Sun 24 Aug 2025 at 08:30

Driven by the summer holiday travel peak season, Macau’s total visitor arrivals in July increased by 14.5% year-on-year and 19.6% month-on-month, reaching 3,458,366 and recovering to 97.9% of the level achieved in July 2019. Visitors from mainland China remained the...

Market organized to drive business to area impacted by Macau satellite casino closures generates US$25,000 in sales in first four days

Market organized to drive business to area impacted by Macau satellite casino closures generates US$25,000 in sales in first four days

by Pierce Chan
Sun 24 Aug 2025 at 08:26

The Macau government has revealed that the NAPE food and cultural creativity market, held from 15 August, generated MOP$200,000 (US$25,000) in sales in its first four days. The festival is part of a series of events planned by the government...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English