There’s plenty of casino action available at the Star, as well as great dining, luxury accommodations, and engaging entertainment. "The latest
news once again increases uncertainty for members. We're seeking further information from the company about this announcement," he said. "For Star,
the Queen's Wharf sale is a strategic retreat from what has become a financial quagmire, with development costs blowing out by more than $1 billion,"
he said. The deal will see Star give up its 50 per cent stake in the Queen's Wharf casino complex.
For a sharemarket gambler, an investment in Star is the ultimate high-adrenaline bet. In the ASX filing, Wang gives his address as the luxury Windsor
Arch high-rise project in the Asian casino enclave, Macau. His private company, Winsway Resources, is registered in the British Virgin Islands. Rather
than an attempted rescue, it looks like a $35 million punt from a guy from Macau who probably doesn’t have any inside running on whether this
casino group will survive.
References:
ufo9
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