Far East Consortium is one of Australasia’s largest developers. Far East Consortium has operations in property, hospitality and car parks. It has strong property and hotel development track record and an experienced on the ground Australian development team.
Far East Consortium reported a 4.6 percent year-on-year increase in its gaming revenues for the year ending March 31, 2020. The firm noted that “gaming revenues of Trans World Corporation were recognized for the full-year for the first time and grew year-on-year.” It described its financial performance over the course of the year as “relatively […]
Hong Kong-listed Far East Consortium says it expects its casino gaming business to drive higher profitability in the long-term, according to comments made in its 2018 Annual Report. In April, the company forayed into its first live gaming operation with the acquisition of TWOC, which owns and operates three casinos in Czech Republic and five […]
Star Entertainment Group has expanded its strategic partnership with Hong Kong-based Chow Tai Fook and Far East Consortium as the companies bet on growing Chinese tourism to Australia. Under the accord, the Australian company will raise A$490 million (US$375.2 million) from the sale of shares. Both Chow Tai Fook and Far East Consortium will each […]
Australia-listed Star Entertainment Group has announced it has expanded its strategic partners and will be raising A$490 million (US$375.2 million) from two of its Hong Kong-based partners, Chow Tai Fook and Far East Consortium. The strategic partnership will see both parties jointly pursue and participate in growth projects in, or adjacent to The Star’s current […]
Hong Kong-listed Far East Consortium International announced on Monday that its U.S. unit will be purchasing and subsequently merging with Trans World Corporation, a company in the hospitality and gaming business in Europe. The deal will see Far East Consortium purchasing Trans World Corp for $42 million. After which point, Trans World will become the […]
The $3 billion development on the Queen’s Wharf in Brisbane will begin selling apartments related to the project in the 2019 financial year, local media reports. The IR is a venture between Star Entertainment and Asian investors including Far East Consortium. It is expected that the Queen’s Wharf apartments will launch on to the market […]
The consortium behind a proposed A$3 billion (US$2.3 billion) casino resort in Brisbane has been forced to re-draft its plans for the bridge that connects South Bank to the casino, The Australian reports. Plans for the A$100 million public access bridge, set to be called the “Neville Bonner Bridge’’ was sent back after it was […]
The international consortium led by casino operator The Star Entertainment Group has completed the acquisition of the Sheraton Mirage Resort at the Gold Coast, according to a company filing to the ASX. The international joint venture includes Hong Kong-based Chow Tai Fook Enterprises and Far East Consortium. It is understood that Star will take a […]
Developers building more than 2000 apartments in Brisbane’s $3 billion Queen’s Wharf casino-resort project have been given almost 20 years to complete the triple towers. According to The Australian, the 50-50 joint venture between Hong Kong-listed Chow Tai Fook and Far East Consortium has until 2035 to build between 2000 and 2200 apartments with a […]
An international joint venture led by Star Entertainment is finalizing a deal to pay up to A$160 million ($121.7 million) for a beachfront resort in Queensland, local media reports. The gaming company, which is working in conjunction with Hong Kong developer Far East Consortium and retailer Chow Tai Fook, is hoping to see a revamped […]
Australia-listed Star Entertainment has been formally granted a new casino license for its Queen’s Wharf Brisbane project. The casino license will be issued to a joint venture entity of which The Star Entertainment Group has a 50 percent interest, said the company in a filing to the Australian Stock Exchange on Friday. The issuing of the license […]
The Star Entertainment Group, formerly known as Echo Entertainment, plans to build a 200-meter luxury hotel tower at its Sydney property in an attempt to tap demand from wealthy Chinese travellers. The company, along with its partners Chow Tai Fook and Far East Consortium have already submitted a plan to the New South Wales government, […]
Echo Entertainment Group reported a 59 percent rise in full-year net profit after improved marketing and loyalty programs drove strong domestic revenue growth. The Australian gaming firm’s net profit for the year to June 30 was A$169.3 million ($123.7 million). Normalised net profit, which removes significant items and the volatility of Echo’s international VIP rebate […]
Echo Entertainment, which beat Crown Resorts for a license to redevelop the Queen’s Wharf precinct in downtown Brisbane, says the project will be the best in Australia and an “asset for the state that will compete with anything in Macau or Singapore, or other destinations around the world.” In a release after the Queensland government […]
The Star Entertainment Group, formerly known as Echo Entertainment Group, is undergoing a group-wide renaissance, reshaping its brand identity and revamping its properties to take advantage of a forecast surge in Asian tourism. Group CEO Matt Bekier says he's convinced the next "boom" for Australia will come from tourism and is positioning the brand to benefit.