Photo from Unsplash by Scott Graham.

Star Entertainment’s JV partners move to terminate DBC exit deal

The group said it is still open for further negotiations with its JV partners.

The Star Entertainment Group has received a notice from its joint venture partners, Chow Tai Fook Enterprises and Far East Consortium, to terminate the previously announced agreement for The Star to exit its interest in the Destination Brisbane Consortium (DBC), according to a bourse filing.

The agreement, first disclosed in March 2025, was intended to pave the way for The Star to withdraw from the DBC and refocus its efforts on operations at the Gold Coast. However, the deal was subject to the completion of detailed legal documents by 30 April 2025, a deadline that was not met.

Under the terms of the binding heads of agreement (HoA), failure to finalise documents by the deadline allowed either party to terminate the agreement with five business days’ notice. Despite continued negotiations since a general meeting of shareholders on 25 June, the parties have not reached consensus on outstanding commercial matters.

The termination notice issued today will take effect on Monday, 7 July 2025, unless withdrawn earlier. The Star says it remains open to further negotiations with its joint venture partners to progress the transaction.

Join Hong Kong Business community

The company also confirmed it has received $58m in proceeds from the sale of its Event Centre and $133m in funding from Bally’s Corporation and Investment Holdings, as outlined in its explanatory memorandum to shareholders.

The Star has pledged to provide further updates should material developments occur.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!