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As The Star Entertainment Group<\/strong> prepares to divest its Queens Wharf<\/strong> casino, competitor Crown Resorts<\/strong> has emerged as a potential buyer. If this comes true, it would mark the latter operator\u2019s entry into Queensland.<\/p>\n The Star has been looking to sell its 50% stake in Queens Wharf to its joint co-owners, Chow Tai Fook Enterprises<\/strong> and Far East Consortium<\/strong>. Each of these two companies currently owns a 25% stake in the casino property.<\/p>\n From then on, the property could eventually end up in another operator\u2019s hands. As a result, Crown has emerged as a likely contender for Queen Wharf\u2019s next operator. This could be a historic moment for the company, which does not yet have a presence in the state of Queensland.<\/p>\n Other operators that could potentially secure custody of the property include SkyCity and Delaware North. However, Crown, as a Blackstone-owned company, seems to be in the strongest position<\/a> right now. \u00a0<\/p>\n The Star\u2019s sale of its stake in the Queens Wharf property to its joint equity partners has been marred by certain disputes related to The Star\u2019s financial setbacks and ability to run the casino hotel until the end of the year.<\/p>\nThe Star Must Finalize the Deal with Its Joint Partners<\/h2>\n