Business
December 1, 2025
Star Entertainment Refreshes Board with Bally’s Leaders
Australia’s Star Entertainment Group has shaken up its boardroom, bringing in Bally’s Corp Chairman Soo Kim and President George Papanier, while former chair Anne Ward and non-executive director Deborah Page have stepped down. The changes were confirmed at a board meeting last Friday, the company said in a Monday ASX filing. “Shaping a New Future […]
Business
November 25, 2025
The Star Entertainment to Welcome Bally’s as Majority Stakeholder by the End of the Week
The Star Entertainment Group is bracing for Bally’s takeover, hoping that it will finally help it open a new chapter. According to the latest announcement, the takeover should happen later this week. The Star Expects to Complete the Bally’s Transaction Very Soon In an ASX release published on November 25, The Star’s leadership addressed the […]
Business
November 20, 2025
The Star Entertainment to Lay off 40 Senior Members, Reports Say
The Star Entertainment Group is reportedly preparing to cut dozens of senior roles ahead of Bally’s takeover. The alleged changes are coming shortly after the Australian operator added a new non-executive director to its team. AFR Reports Leadership Changes Across The Star According to a report by the Australian Financial Review, people familiar with the […]
Business
October 13, 2025
The Star Entertainment Group Welcomes Mathieson as NED
Australian casino and hospitality company The Star Entertainment Group Limited has unveiled changes to its board. This will see the company welcome a new non-executive director as a separate one prepares to leave. The Star Adds a New NED According to The Star’s announcement, Bruce Mathieson Jr. will join its team as a NED. His […]
Business
September 30, 2025
Star Entertainment Secures $285M Debt Waiver Amid Financial Troubles
Australia’s Star Entertainment Group has obtained a vital debt waiver of AUD 430 million (around $285 million), providing the struggling casino operator with the opportunity to raise additional funds as it grapples with a series of financial challenges. Star Entertainment Obtains Massive Debt Waiver On Tuesday, the company confirmed to investors that it had secured […]
Casino
September 26, 2025
No Reprieve for Star Sydney, as License to Remain Suspended Another 6 Months
The NSW Independent Casino Commission has decided to leave Star Sydney’s license to operate the gaming floor suspended for another six months following another review into its operations. This compounds the ongoing difficulties for the Star Sydney Casino, which was hoping to renew gaming operations this year. However, the NICC has deemed it necessary for […]
Industry
September 24, 2025
The Star Sydney Fails to Regain License as NICC Extends Suspension
The Star Entertainment Group Limited (The Star) announced that its The Star Sydney property’s license remains suspended. The decision was made by the NSW Independent Casino Commission (NICC), which believed that the casino isn’t ready to regain its license. The Star Has Been Facing Trouble for a While The Star has been on the decline […]
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 […]