On August 21, Star Entertainment announced that developer Multiplex Constructions Qld Ltd. has served the operator and its Hong Kong-based partners with an originating process in Queensland’s Supreme Court, over disputes related to the group’s multibillion-dollar mixed-use development known as Destination Brisbane Consortium (DBC).
Star holds a 50 percent stake in the development, with partners Chow Tai Fook and Far East Consortium accounting for 25 percent each. The much-anticipated project was slated to open in December, but Star announced earlier this year that the timeline had been pushed back by four months, to April of 2024.
Due to these changes, Multiplex and the parties from the DBC became embroiled in claims and counterclaims as far as which party owed damages and extensions to the other based on the initial contract.
In a statement, Star noted that Multiplex’s recent court action has to do with contract language, and that the developer seeks “various declarations from the Court regarding extensions of time, relevant milestone dates, liquidated damages, variations and certain other matters, including potential sums payable, in connection with the contract.”
Star and its DBC partners have since vowed to fight the developer’s claims.
In related news, Star has also announced that it is delaying the release of its full-year results for the period ending June 30 by five days, from August 24 to August 29, in order to account for recent updates to casino tax rates in New South Wales.
