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The Star Secures $18M Annual Fee After Exiting Destination Brisbane Consortium
9:16am on Wednesday 1st of April, 2026 AEDT
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Consumer Discretionary
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The Star Secures $18M Annual Fee After Exiting Destination Brisbane Consortium
9:16am on Wednesday 1st of April, 2026 AEDT
Key Points
Completion of Stage 1 disposal of DBC interest
New fixed $18 million annual casino operator fee plus performance incentives
Release of The Star’s guarantee under Queen’s Wharf debt facilities
Stage 2 involving remaining Brisbane and Gold Coast assets expected by March 2027
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THE STAR ENTERTAINMENT (ASX:SGR)
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