Star Entertainment Group
| Public | |
| Traded as | ASX: SGR |
| Industry | Gaming, Tourism |
| Founded | 2011 |
| Headquarters | Australia |
|
Area served
|
Australia |
|
Key people
|
John O'Neill Matt Bekier |
| Revenue |
 A$2.3 billion |
|
Number of employees
|
8,000 |
| Divisions | |
| Website | www.starentertainmentgroup.com.au |
The Star Entertainment Group Limited is one of Australia's largest gaming and entertainment groups (ASX: SGR). In June 2011 Tabcorp Holdings demerged its casinos operations which resulted in Tabcorp’s casinos business being separately listed as Echo Entertainment Group Limited (ASX: EGP). The existing wagering, media, gaming, and Keno businesses were retained by Tabcorp. In November 2015 The Star Entertainment Group parent company name changed from Echo Entertainment Group Limited to The Star Entertainment Group Limited following shareholder approval at the 2015 Annual General Meeting.
The Star Entertainment is an ASX 100 listed company. It owns and operates three major Australian casinos and hotels.
The Star Entertainment Group also manages the Gold Coast Convention & Exhibition Centre on behalf of the Queensland Government.
The Star Entertainment Group commenced an $870 million transformation and redevelopment of The Star in Sydney in 2012. The transformation of The Star is a tangible reflection of the company's capacity and capability to invest significantly and effectively in its properties. In 2013 Echo Entertainment has a $345 million program of work underway to refurbish and expand Jupiters Hotel & Casino on the Gold Coast. The refurbishment of the existing hotel and casino complex is one of the biggest hotel refurbishments ever undertaken in Australia. In September 2015 Echo Entertainment announced that its Queensland property Jupiters Hotel & Casino, as the First Official Partner of the 2018 Commonwealth Games.
The Queensland Government announced on 20 July 2015 that Echo Entertainment as 50% joint venture partner of the "Destination Brisbane Consortium" was the preferred tenderer for Queen's Wharf, Brisbane, beating rival Crown Resorts. The development will feature 2000 apartments and 1100 new hotel rooms. Echo has two Hong-Kong based joint venture partners Chow Tai Fook Enterprises and Far East Consortium. The two joint venture partners will each contribute 25 per cent of the capital to develop the integrated resort and will also jointly pay for the apartment and broader Queen's Wharf developments. The development will include four, five and six-star hotels including the Ritz-Carlton and Rosewood. A feature of the development is stated to be the area along the river front equalling 12 football fields of public space. Premier Annastacia Palaszczuk stated that the integrated resort and casino would transform Brisbane's CBD in the same way the South Bank development did after Expo88 almost 30 years ago. The project will create 3000 constructions jobs and 8,000 permanent jobs. The economic modelling indicates a $1.69 billion annual increase in Queensland tourism and 1.39 million additional tourist visitors per annum. The Courier-Mail stated that $3 billion project is the biggest and most grandiose infrastructure development ever undertaken in the state’s capital. The Australian Financial Review stated that the $2 billion Queen's Wharf is Brisbane's version of Sydney's Barangaroo stating that the available public realm is massive "bigger than Barangaroo" quoting Urbis (consulting firm) which has estimated that at a peak capacity up to 190,000 people could fit into the site for events.
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