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Business
September 15, 2025
Star Entertainment Says JPMorgan Chase Is No Longer Substantial Shareholder
Australian casino company The Star Entertainment Group Limited has published a new shareholder update, revealing that American multinational finance corporation JPMorgan Chase & Co. and its affiliates have ceased to be substantial shareholders of the company. JPMorgan Chase & Co. Ceases to Be a Substantial Shareholder In an Australian Securities Exchange (ASX) filing, The Star […]
Casino
September 2, 2025
Billionaire Sues Star Sydney Over $57M Gambling Loss
A Chinese-born billionaire property developer has decided to sue The Star Sydney for AUD 57 million ($37.2 million), claiming the casino took advantage of his gambling addiction and language barriers to encourage his massive losses. He Signed Papers He Couldn’t Read Phillip Dong Fang Lee alleges that he was misled into signing documents he did […]
Industry
August 27, 2025
The Star Fails to Negotiate Covenant Waivers with Lenders
The Star Entertainment Group’s financial troubles continued, as the company found itself unable to secure lender waivers that would have allowed it to breach the terms of its debt agreements without risking penalties. The Terms Are Unacceptable to The Star In an official Australian Securities Exchange (ASX) release, the company responded to a recent publication […]
Business
August 12, 2025
Star Entertainment Offloads Queen’s Wharf Stake to Hong Kong Partners
Star Entertainment has agreed to offload its 50% stake in Brisbane’s Queen’s Wharf casino to its Hong Kong-based partners, Chow Tai Fook Enterprises and Far East Consortium, for AUD 53 million ($34.62 million). This deal marks the culmination of months of stalled negotiations and marks a vital milestone in the property’s ongoing efforts to restructure […]
Business
August 1, 2025
The Star Entertainment’s Shares Plummet as DBC Sale Fails
The Star Entertainment Group announced that the planned sale of its interest in the Destination Brisbane Consortium (DBC) has fallen through, with its joint venture partners refusing to further extend the heads of agreement deadline. This major setback has caused the company’s stock to take a major dip. The Star Sought to Sell Its DBC […]
Business
July 30, 2025
Star Entertainment’s Q4 Shows Continued Softness Despite Bally’s Help
The Star Entertainment Group Limited has published its unaudited quarterly report for the three-month period ended June 30, 2025 (Q4). The results highlighted continued financial struggles amid Bally’s investment. The Company’s Q4 Was Soft, if Stable In the fourth quarter of the fiscal year, The Star reported revenue of AUD 270 million ($175 million), which […]
Casino
July 29, 2025
NICC Wary of Bally’s Takeover Bid for Star Casino
Australia’s troubled casino operator Star Entertainment Group is once again under scrutiny as U.S.-based Bally’s Corporation moves ahead with its plan to take control of the company. While shareholders have approved a much-needed AU$300 million (US$195 million) lifeline from Bally’s and Bruce Mathieson’s Investment Holdings, the deal is now facing a regulatory roadblock. Bally’s to […]
Business
July 7, 2025
The Star Entertainment’s DBC Exit HoA Deadline Extended to July 31
Australian gaming and hospitality giant The Star Entertainment Group Limited has published an Australian Stock Exchange (ASX) update on its planned Destination Brisbane Consortium (DBC) exit. According to the company, it has reached an agreement with its joint venture partners, Chow Tai Fook Enterprises Limited and Far East Consortium International Limited, to extend the termination […]
Casino
July 7, 2025
Star Brisbane Workers Walk Out Due to Pay Fight and Financial Concerns
Employees at The Star Brisbane casino quit work for two hours on Friday, escalating their pay and job conditions fight as the troubled casino company faces bigger financial problems. Star Brisbane Employees Walk Out During Friday Rush, Citing ‘Unfair’ Pay Offer Workers from many areas, like gaming, food service, and cleaning, left their jobs from […]
Casino
July 7, 2025
Bally’s Might Drop Star Entertainment Rescue Plan Due to Regulatory Risks
The US casino company Bally’s Corporation has expressed major worries about its planned bailout of Australia’s Star Entertainment Group. It warns it may pull out if regulators slap a big fine on Star. Bally’s Warns $300M Star Rescue Hinges on AUSTRAC Fine Outcome Bally’s chairman Soo Kim said the $300 million rescue deal, which Australian […]