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Business
September 12, 2024
The Star Entertainment to Receive $100M from Lenders
The Star Entertainment Group is set to receive more backing from its lenders amid the financial trouble it faces. The Australian casino and hospitality giant has been offered AUD 150 million to deal with the issues and stabilize its business. The Star Entertainment Is Struggling Financially The lenders proposed providing AUD 150 million ($100 million) […]
Casino
September 10, 2024
The Star Sells Iconic Treasury Building Amid Financial Struggles
The Star Entertainment Group has sold its leasehold interest in Brisbane’s historic Treasury Building to Griffith University. This AUD67.5 million ($45 million) agreement signals a big change for The Star and the university. The casino company aims to raise much-needed money, while Griffith University plans to turn the landmark into a major place of learning. […]
Business
September 5, 2024
Star Entertainment’s Financial Woes Deepen despite Queens Wharf Opening
The troubles for The Star Entertainment, Australia’s leading casino operator, continue after its recent suspension from trading on the ASX, the country’s primary stock exchange. The unexpected move came after the operator missed the deadline to submit a financial report last week. The announcement came just after the company opened its new venue in Queensland, […]
Business
September 3, 2024
ASX Suspends Star Entertainment over Missed Report Deadline
The Star Entertainment Group announced that it has been suspended from the ASX, Australia’s primary stock exchange. The suspension was enforced due to a missed deadline, according to an official ASX filing. The ASX Suspends The Star Entertainment The announcement was made on September 2 as The Star Entertainment was suspended from the ASX due […]
Casino
August 30, 2024
Star Entertainment Found Unfit to Hold a License amidst Regulatory Scrutiny
Star Entertainment Group Ltd., one of Australia’s most prominent casino operators, faces an uncertain future after an inquiry found it unfit to hold a casino license in Sydney. A comprehensive and damning report by lawyer Adam Bell revealed significant problems like dysfunctional leadership, ethical failings, and toxic corporate culture. These issues remain deeply entrenched, making […]
Casino
August 22, 2024
The Star to Close Treasury Brisbane ahead of Queens Wharf’s Opening
The Star Entertainment Group Limited announced the closure of its Treasury Brisbane Casino property ahead of the launch of its new property in Brisbane. Treasury Brisbane Casino to Close As The Star prepares to open its Queens Wharf Brisbane property, it has been advised by the Office of Liquor and Gaming Regulations to cease the […]
Business
July 15, 2024
The Star Makes C-Suite Appointments, Reports Systems Disruption
Australian casino and hospitality leader The Star Entertainment Group announced new appointments to its C-suite. In an ASX update, the gambling company announced that it has appointed an interim group chief financial officer, as well as a new chief executive officer of it’s the Star Sydney property. As per the announcement, Neale O’Connell will now […]
Industry
June 13, 2024
Man Attempts to Blackmail the Star, Faces Permanent Injunction Order
An unsuccessful job applicant at the Star Entertainment’s Sydney Casino attempted to blackmail the leading operator earlier this year, a newly released report suggests. The blackmail attempt resulted in immediate legal action filed by the gambling operator that sought to protect customer data which the applicant threatened to release to the public. The case involves […]
Industry
May 23, 2024
Star’s Suitability for Sydney Casino License in Doubt
One of the largest gambling and entertainment operators in Australia, Star Entertainment, remains subject to regulatory scrutiny, amid the ongoing second investigation in New South Wales (NSW) into its operations. The inquiry is led by Adam Bell SC and seeks to determine whether the operator is suitable to hold a license for its Sydney casino. […]
Casino
May 21, 2024
Hard Rock Denies Bid for The Star Amid Acquisition Rumors
US hospitality giant Hard Rock International has denied rumors that it is planning to make a bid for the Australian casino giant The Star Entertainment Group. The speculations ran wild after some reports that a consortium of parties including Hard Rock’s Pacific branch had supposedly expressed interest in the embattled Australian company. Hard Rock International […]
