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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 […]
Business
June 30, 2025
Star Entertainment’s DBC Exit in Peril as Partners Seek to Terminate the Arrangement
The Star Entertainment Group has published an update related to its earlier decision to exit its equity interest in Destination Brisbane Consortium (DBC). The company noted that since the conditions of its binding heads of agreement (HoA) were not met, its joint venture partners have submitted a notice to terminate the arrangement. The Star’s Partners […]
Business
June 25, 2025
The Star Entertainment’s Shareholders Give the Go-Ahead to Bally’s AUD 300M Lifeline
The Star Entertainment Group just held its General Meeting. Among other important developments, the Australian casino & hospitality giant secured shareholder approval for Bally’s AUD 300 million rescue proposal. Shareholders Greenlight Bally’s Aid In April, The Star revealed that it had entered into a binding term sheet with Bally’s Corporation with respect to a multi-tranche […]
