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Casino
May 17, 2021
Crown Resorts Might Be Seriously Considering Merger with Star Entertainment
It appears that The Blackstone Group is going to have to head back to the boardroom if it wants to make a play for Crown Resorts. After Star Entertainment Group stepped in with a proposal that would see Crown and Star merge, Blackstone tried to sweeten the pot, but it apparently isn’t enough. Crown’s board […]
Business
May 10, 2021
Crown Resorts Has a New Suitor as The Star Entertainment Offers a Deal
It took a while, but The Star Entertainment Group has finally decided to step forward and offer a deal to purchase the beleaguered Crown Resorts. The casino and hospitality company has submitted a formal proposal to buy out Crown for $7 billion (AUD$9 billion) in an all-stock deal to compete against existing bids by the […]
Business
February 19, 2021
The Star’s Half FY2021 Performance Impacted by Restrictions
The Star Entertainment Group announced in a filing to the Australian Stock Exchange (ASX) its report for the half financial year 2021 ended December 31, 2020, posting statutory revenues of AU$741.4 million. Material Impact on the Business The 29.6% slump in revenues was mainly due to the casino property closures and coronavirus-induced restrictions on the […]
Casino
December 13, 2020
Two Employees at Star Casino Dismissed and Banned over Misconduct
The Star casino in Sydney, Australia dismissed two casino special employees over misconduct. Consequently, the NSW Liquor and Gaming Authority banned the two employees for 5 years. Two Employees Dismissed by the Star Casino Two employees of the Star Casino in Sydney, Australia were dismissed and banned over misconduct. After the Star dismissed the employees […]
Poker
December 8, 2020
The Stars Group Grants Refunds after Outage
The Stars Group (TSG) has refunded PokerStars players after a server outage that left players in limbo during the hours-long brown-out. PokerStars Experiences another Outage On Friday, gaming and online gambling leader The Stars Group (TSG) experienced a several-hour server outage for the second week in a row. The company issued an apology to its […]
Casino
December 5, 2020
The Star Casinos Move One Step Closer to Pre-Virus Operations
The Star Entertainment Group announced it would ramp up operations at its casino properties in New South Wales (NSW) and Queensland, following the easing of coronavirus-related restrictions in the Australian states. New South Wales In an update to the Australian Stock Exchange (ASX), The Star referred to the latest announcement from the NSW Government regarding […]
Legal
September 13, 2020
Star Filed Complaint against Insurer for Denying Indemnity Claim
Australian casino operator The Star Entertainment Group filed a complaint in court after its insurance carrier, Chubb Insurance, refused to pay a legitimate claim in accordance to the insurance policy. The casino and entertainment operator elected to turn to the court for the issue after Chubb Insurance denied a claim submitted by the Star in […]
Casino
August 21, 2020
Star’s Fiscal 2019 – 2020 Year Revenues Down 31%
The Star Entertainment Group announced its full financial year ending June 30 results, focusing on the pre-pandemic period. The Group posted just under AUD$1.5 billion in net revenue, a 31% decline from the previous fiscal year. The casino operator reported earnings before interest, tax, depreciation and amortization (EBITDA) of AUD$282 million, 49% drop from the […]
Casino
August 16, 2020
Star Casino Fined $90,000 for Breaching of Security Standards
The Independent Liquor and Gaming Authority (ILGA) in New South Wales (NSW) has issued a AUD$90,000 fine to Star Casino in Sydney for allowing minors access to the gaming floor and gambling. The casino self-reported the 3 cases to the gaming regulator but it did not stop ILGA from dishing the penalty. Multiple Cases of […]
Legal
August 5, 2020
NSW Inquiry: Star Could Not Find Credible Evidence
Star Entertainment Group was the latest to feature in the inquiry initiated by the government in New South Wales (NSW) into the dealings of casino operator Crown Resorts with the junket firm Suncity. The ASX-listed group informed regulators that they switched Suncity to another part of the casino and tasked its internal anti-money laundering and […]