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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 […]
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 […]