Reading Time: 2 minutes The Star Entertainment Group (SEG) has announced that its proposed deal to offload its stake in the Brisbane Queen's Wharf hotel and casino complex has collapsed, leaving the casino operator facing around $41 million in payments to investors. In a statement to the ASX last week, SEG said its Heads of Agreement (HoA) deal with its joint venture partners – Chow Tai Fook Enterprises Limited and Far East Consortium International Limited – had been terminated. The statement said: "As of this morning, the parties have been unable to reach agreement on a number of outstanding commercial issues which in turn prevent the finalisation of long form documents. "The Star proposed to the Joint Venture Partners an extension of the HoA termination date to 6 August 2025 to allow further time to conclude negotiations. However, the proposed extension by The Star was not accepted by the Joint Venture Partners.