DFS spokesman Mackie Chan declined to comment on the company’s plans and cited a policy of not discussing ongoing litigation. Local lawyers for DFS did not return calls, and the consortium involved also refused to comment on the claim. The consortium recently settled a lawsuit with builder Multiplex over design changes and delays, which was expected to cost them up to $170 million. Additionally, Star, the company behind the casino, is awaiting a decision from the state government on whether it will keep its casino licenses in Queensland. The company has already had to pay $100 million in fines for poor corporate behavior and is facing further civil penalties as a result of an ongoing inquiry in NSW.
Despite challenges, Star reported a 10% drop in revenue at its Treasury casino in Brisbane, due to measures taken to address problem gambling and increased competition from pubs and clubs. The Queen’s Wharf project, set to transform the southern end of the CBD, is progressing with the help of the Cross River Rail and the construction of a new Albert Street station, scheduled to open in 2026. The complex will feature a sky deck, leisure deck, ballroom, restaurants, bars, apartments, and hotel rooms. It will also be connected to South Bank via the Neville Bonner Bridge.
Although there has been speculation about Myer opening a flagship store at Queen’s Wharf, no official announcements have been made. Myer has been seeking a suitable site to return to the CBD after leaving the Queen Street Mall shopping center now known as Uptown. The pending move of the casino from the Treasury buildings to the new complex has also left uncertainty over a stretch of George Street between the mall and Queen’s Wharf. A previous deal to sell the heritage-listed buildings that house the casino and hotel did not proceed, and new buyers have not been announced. The future plans for these sites remain unclear, leaving questions about the development of this area.
In the midst of these challenges and uncertainties, the legal disputes and financial pressures facing DFS, the consortium, and Star are significant. The outcome of the ongoing litigation and government decisions will have a major impact on these companies and their operations in the future. The developments at Queen’s Wharf, including the construction of new facilities and potential new businesses like Myer, have the potential to revitalize the CBD and attract more visitors to the area. However, the success of these projects relies on various factors, including regulatory approvals, financial stability, and public support.
Overall, the situation at Queen’s Wharf and the legal issues surrounding the companies involved highlight the complexities of major development projects and the challenges faced by businesses in the hospitality and entertainment industries. As these companies navigate legal battles, financial pressures, and regulatory decisions, the future of Queen’s Wharf and the CBD remains uncertain. The success of these projects will depend on the ability of all parties involved to resolve their disputes, comply with regulations, and attract customers in a competitive market. Time will tell how these developments unfold and what impact they will have on the local economy and community.
