Industry
June 25, 2021
Australia’s Gaming Industry Likely to Undergo Monumental Changes
If any good is coming out of the debacle surrounding Crown Resorts in Australia, it’s that the country’s gaming regulations are likely to be tweaked. Fitch Ratings has weighed in on what is happening in Australia with Crown and Star Entertainment, as well as the gaming industry, in general, and believes that the screws are […]
Casino
June 22, 2021
Star, Crown Resorts Meet over Potential Merger
As Crown Resorts continues to fend off an assault on its reputation and viability as a casino operator, a number of companies haven’t wasted time approaching it to offer potential buyout deals. Oaktree Capital Group and the Blackstone Group were seen as the largest contenders, especially because of their deep pockets, but then Australia’s own […]
Casino
June 2, 2021
Star Entertainment Improves Parental Leave Policies
Star Entertainment Group increases parental leave from 10 weeks to 16 weeks, effective immediately. Star Entertainment Group Increases Parental Leave Time Star Entertainment Group has announced the implementation of a new parental leave policy. The company will increase parental leave for new parents. According to the company, this is an efficient, flexible, and family-friendly decision. The […]
Casino
May 17, 2021
Crown Resorts Might Be Seriously Considering Merger with Star Entertainment
It appears that The Blackstone Group is going to have to head back to the boardroom if it wants to make a play for Crown Resorts. After Star Entertainment Group stepped in with a proposal that would see Crown and Star merge, Blackstone tried to sweeten the pot, but it apparently isn’t enough. Crown’s board […]
Business
May 10, 2021
Crown Resorts Has a New Suitor as The Star Entertainment Offers a Deal
It took a while, but The Star Entertainment Group has finally decided to step forward and offer a deal to purchase the beleaguered Crown Resorts. The casino and hospitality company has submitted a formal proposal to buy out Crown for $7 billion (AUD$9 billion) in an all-stock deal to compete against existing bids by the […]
Business
February 19, 2021
The Star’s Half FY2021 Performance Impacted by Restrictions
The Star Entertainment Group announced in a filing to the Australian Stock Exchange (ASX) its report for the half financial year 2021 ended December 31, 2020, posting statutory revenues of AU$741.4 million. Material Impact on the Business The 29.6% slump in revenues was mainly due to the casino property closures and coronavirus-induced restrictions on the […]
Casino
December 13, 2020
Two Employees at Star Casino Dismissed and Banned over Misconduct
The Star casino in Sydney, Australia dismissed two casino special employees over misconduct. Consequently, the NSW Liquor and Gaming Authority banned the two employees for 5 years. Two Employees Dismissed by the Star Casino Two employees of the Star Casino in Sydney, Australia were dismissed and banned over misconduct. After the Star dismissed the employees […]
Poker
December 8, 2020
The Stars Group Grants Refunds after Outage
The Stars Group (TSG) has refunded PokerStars players after a server outage that left players in limbo during the hours-long brown-out. PokerStars Experiences another Outage On Friday, gaming and online gambling leader The Stars Group (TSG) experienced a several-hour server outage for the second week in a row. The company issued an apology to its […]
Casino
December 5, 2020
The Star Casinos Move One Step Closer to Pre-Virus Operations
The Star Entertainment Group announced it would ramp up operations at its casino properties in New South Wales (NSW) and Queensland, following the easing of coronavirus-related restrictions in the Australian states. New South Wales In an update to the Australian Stock Exchange (ASX), The Star referred to the latest announcement from the NSW Government regarding […]
Legal
September 13, 2020
Star Filed Complaint against Insurer for Denying Indemnity Claim
Australian casino operator The Star Entertainment Group filed a complaint in court after its insurance carrier, Chubb Insurance, refused to pay a legitimate claim in accordance to the insurance policy. The casino and entertainment operator elected to turn to the court for the issue after Chubb Insurance denied a claim submitted by the Star in […]