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Business
April 15, 2025
Star Entertainment Publishes H1 FY25 Report as Challenges Continue
The Star Entertainment Group has published its financial report for the first half of the fiscal year (H1 FY25), highlighting its continued financial trouble. The company, which recently agreed to give control to Bally’s, hopes to turn the tables soon. The Company’s Revenue Declined In the first half of the year, The Star reported AUD […]
Business
April 10, 2025
Bally’s Chair Weighs in on His Company’s Takeover of The Star Entertainment
The Star Entertainment Group, an Australian casino and hospitality operator, just entered into a binding term sheet with American casino operator Bally’s Corporation. Under the agreement, which is still subject to regulatory approval, Bally’s will take majority control and refinance The Star’s debt, solving its short-term financial problems. In an interview with Inside Asian Gaming, […]
Business
April 8, 2025
The Star Enters Binding Term Sheet with Bally’s, Completes Sydney Asset Sale
The Star Entertainment Group, Australia’s embattled casino operator, announced that it has struck a definitive debt financing deal with Bally’s Corporation. In addition to that, the former company confirmed the completion of its sale of The Star Sydney Event Centre. The Deal with Bally’s Progresses In line with its recent announcement, The Star entered into […]
Business
April 7, 2025
Star Entertainment Accepts Bally’s AU$300M Rescue Deal
Australia’s embattled casino operator, Star Entertainment Group, received a lifeline from Bally’s Corporation early last month. At the time, the latter company proposed AU$250 million ($158 million) to help the former and become a major shareholder. The announcement came after Star failed to disclose its six months results for the period ended December 31, 2024, […]
Business
April 2, 2025
Star Entertainment’s Search for Liquidity Continues as Salter Brothers Deal Falls Through
The Star Entertainment Group’s financial woes continue as its negotiations with Salter Brothers Capital fall through. The latter company had expressed interest in financing the Australian operator’s debt but has seemingly withdrawn the deal. The Deal Fell Through Just when things were beginning to look better for Australia’s embattled Star Entertainment Group, the company announced […]
Casino
March 31, 2025
Regulator Keeps The Star Sydney’s Casino Licence Suspended until September
The Star Entertainment Group’s Sydney casino cannot operate until at least September 30, 2025, based on what the New South Wales Independent Casino Commission (NICC) has decided. The watchdog said the company still had financial problems, which is why they needed to keep an eye on things even though they saw the company was trying […]
Business
March 25, 2025
The Star Extends Its Refinancing Negotiations with Salter Brothers Capital
The Star Entertainment Group, an Australian casino and hospitality operator, confirmed that it has given investment firm Salter Brothers Capital (SBC) a few extra days to complete its refinancing offer. This comes amid continued financial struggles for the embattled gambling operator. The Deadline Has Been Extended The latest announcement is related to The Star’s ASX […]
Business
March 24, 2025
Billionaire Pub Baron Mathieson Endorses Bally’s Bid for the Star
One of the world’s leading entertainment companies recognized for its “innovation, energy, and dedication to creating thrilling gaming experience,” Bally’s Corporation, has received endorsement from Star Entertainment Group’s largest shareholder in its bid to take control of the struggling Australian casino operator. Billionaire Pub Baron Bruce Mathieson Supports Bally’s Offer According to local reports, Bruce […]
Business
March 10, 2025
Bally’s Steps in with AU$250M Offer to Help Star Entertainment
Shortly after announcing an agreement to sell half of the shares of its recently opened Brisbane casino at Queens’ Wharf, Australia’s troubled casino and entertainment operator, Star Entertainment, announced it has received a cash injection proposal from Bally’s Corporation. Bally’s Corporation Proposes an Alternative Path That May Benefit The Star Late last month, the former […]
Casino
March 7, 2025
Star Entertainment Faces Financial Troubles, Might Sell Queen’s Wharf
Star Entertainment Group is struggling with a serious financial problem, and rumors say it might have enough cash to last a week. Queensland Coal Tycoon Offers Star Entertainment AU$200M Lifeline Chris Wallin, a coal tycoon from Queensland, has offered Star Entertainment AU$200 million ($126 million) to help out for now, reported The Australian. This quick […]