Former executives of the company have been under federal investigation for their involvement in allowing money laundering in the Star’s casinos. Queen’s Wharf was once hailed as the crown jewel of Star’s portfolio, featuring a 2500-machine casino (1,500 active at opening), luxury hotel towers, and a waterfront precinct. However, blackcoin.co escalating construction costs—now AU$1 billion over budget—and mounting debts exceeding AU$1.4 billion have turned it into a financial strain for the company. Time is running short for Star to conclude a long-form sale agreement with its Hong Kong partners before the July 31 deadline. Failure to do so would trigger financial penalties, including the loss of AU$36.5 million and the forfeiture of a third payment tranche and key real estate assets such as a 33.3% share in Tower 1.
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