Industry
November 21, 2023
Star Entertainment Group and NSW Government Negotiate New Casino Duty Rates
Talks between the beleaguered operator and the NSW Government concluded in a compromise, significantly reducing the originally envisioned levy increases. However, the planned duty rate hikes will further strain Star Entertainment’s efforts to recover from the wake of its money laundering scandals and regain the trust of consumers and regulators. The Operator Is Yet to […]
Casino
November 6, 2023
Star Entertainment Completes Sale of Grand Mirage Resort Gold Coast
Star Entertainment Group has completed the sale of its Sheraton Grand Mirage Resort Gold Coast property. Announced earlier this year, the sale saw the Australian casino and hospitality giant sell the property for AUD 192 million (roughly $128 million at the time of the announcement). The sale of the property came amid regulatory headwinds that […]
Business
September 25, 2023
The Star Entertainment Group to Raise $770,000 to Cover Existing Debts
The Star Entertainment Group, an Australian casino and hospitality company, continues to encounter financial trouble following its recent regulatory hurdles. Amid these difficulties, the company unveiled its plans to raise AUD 1.2 billion (around $770,000) to reinforce its business and deal with existing debts. As outlined in an ASX announcement, Star Entertainment will use a […]
Industry
September 19, 2023
Relax Gaming Chooses StarCasino Italy as Exclusive Host of the Early Money Train 4 Launch
The popular aggregator and supplier of one-of-a-kind gaming content, Relax Gaming, has announced the exclusive early launch of its blockbuster game Money Train 4. The launch comes prior to the global launch of the latest title in the series. StarCasino Italy, “Filled With Pride” The rather humble head-start of the first game in the now […]
Poker
September 14, 2023
Aussie Poker Pros Launch Petition against Star Entertainment’s Unjustified Bans
Star Entertainment Group’s recent bans on poker players don’t sit well with many professionals. The Australian Poker Schedule, a website that allows enthusiasts to keep track of upcoming events, has launched a petition against Star’s allegedly “unjustified” measures. Craig Abernethy, founder of the Australian Poker Schedule, addresses the issue in the petition, saying that in […]
Casino
September 12, 2023
The Star to Benefit from Konami Technology Thanks to New Deal
The premium casino operator in Australia, The Star Entertainment Group, announced it extended its partnership with Konami Gaming, the renowned provider of casino gaming and systems technology. The extended and expanded deal, announced Tuesday, sees the duo continue to collaborate together since their initial agreement dating back to 2008. Extending their long-term partnership marks a […]
Casino
September 11, 2023
The Star Sydney Brings Back Free Alcohol for High Rollers
Amid the Bell probe into The Star’s operations, the operator temporarily stopped serving free alcohol at the Star Sydney. The government inquiry uncovered that some gamblers received alcohol as an inducement which was only one of the issues flagged by the probe. Ultimately, the Bell Inquiry, which was published last year, found that the operator […]
Business
August 30, 2023
Star Entertainment Has Implemented 22 of the 30 Bell Review Recommendations
Star Entertainment, an Australian casino & hospitality giant, continues to implement its remediation plans, improving its practices in the wake of regulatory hurdles. As outlined in a report by NSW’s Minister for Gaming and Racing, David Harris, the company has now implemented more than two-thirds of the Bell Review recommendations. In September 2021, NSW’s regulator […]
Business
August 29, 2023
The Star Posts FY23 Results, Sees Net Loss of AU$2.44bn
The Australian gambling and entertainment company, The Star, released its FY23 financial report, revealing a normalized EBITDA and significant statutory loss for the period. The report emerged Tuesday and sees the company post a statutory net loss of AU$2.44 billion ($1.57 billion). At the same time, the latest financial report reveals that normalized EBITDA hit […]
Business
August 11, 2023
Star Entertainment Strikes Tax Relief Deal in NSW
Earlier this year, Star Entertainment Group, an Australian casino and hospitality company, had to slash hundreds of jobs and executive bonuses to deal with the underperformance of its properties and the tax hike in New South Wales. However, the company has now managed to reach a concession on casino duty rates with the NSW government […]