Business
March 24, 2025
Billionaire Pub Baron Mathieson Endorses Bally’s Bid for the Star
One of the world’s leading entertainment companies recognized for its “innovation, energy, and dedication to creating thrilling gaming experience,” Bally’s Corporation, has received endorsement from Star Entertainment Group’s largest shareholder in its bid to take control of the struggling Australian casino operator. Billionaire Pub Baron Bruce Mathieson Supports Bally’s Offer According to local reports, Bruce […]
Business
March 10, 2025
Bally’s Steps in with AU$250M Offer to Help Star Entertainment
Shortly after announcing an agreement to sell half of the shares of its recently opened Brisbane casino at Queens’ Wharf, Australia’s troubled casino and entertainment operator, Star Entertainment, announced it has received a cash injection proposal from Bally’s Corporation. Bally’s Corporation Proposes an Alternative Path That May Benefit The Star Late last month, the former […]
Casino
March 7, 2025
Star Entertainment Faces Financial Troubles, Might Sell Queen’s Wharf
Star Entertainment Group is struggling with a serious financial problem, and rumors say it might have enough cash to last a week. Queensland Coal Tycoon Offers Star Entertainment AU$200M Lifeline Chris Wallin, a coal tycoon from Queensland, has offered Star Entertainment AU$200 million ($126 million) to help out for now, reported The Australian. This quick […]
Business
February 28, 2025
Star Entertainment Shares Dip amid Financial, Trading Woes
The Star Entertainment Group, Australia’s embattled casino operator, saw its share price dip amid potential delays in the release of its recent financial report and threats about a temporary trading halt on the ASX. Star Entertainment Looks for Liquidity Proposals The troubled operator released a statement Thursday revealing that one of its substantial shareholders decreased […]
Business
February 24, 2025
Report: Bally’s Considers Helping Star Entertainment Out
Bally’s Corporation is reportedly considering an investment in Star Entertainment Group. The Australian Financial Review (AFR) reported that representatives of the former company traveled to Australia to negotiate with representatives of Star Entertainment. Bally’s Might Be Interested in the Australian Casino Giant According to the AFR, the delegation to Australia was led by Bally’s chair […]
Legal
February 18, 2025
Ex-Star Executive Greg Hawkins Reaches Settlement with ASIC
Greg Hawkins, the ex-chief casino officer at Star Entertainment, has settled with the Australian Securities and Investments Commission (ASIC) regarding alleged misconduct involving Macau junket operators linked to organized crime. This development marks the second such settlement in recent months, as the ongoing saga surrounding Star Entertainment seems to be nearing its end. Hawkins Escaped […]
Business
February 17, 2025
Star Entertainment Receives Debt Financing Proposal from Oaktree Capital
The Star Entertainment Group Limited announced that it has received a debt financing proposal. The Australian operator has experienced significant financial struggles in the wake of regulatory hurdles and has been in a precarious position for a while. Oaktree to Help Star Recover As stated in an ASX filing, Star Entertainment has received a debt […]
Business
February 10, 2025
Star Entertainment Confirms Getting Queen’s Wharf Bids
At the beginning of February, it was rumored that private equity giant Blackstone was considering taking over Star Entertainment once the Australian group was placed into voluntary administration. Now, the ASX-listed owner and operator of The Star Sydney, The Star Gold Coast, and Treasury Brisbane has confirmed it was pondering several proposals for its stake […]
Business
February 5, 2025
Blackstone Could Wait for Star to Be Placed Under Administration
Blackstone, a major alternative asset manager with over $1 trillion in assets under management, is reportedly eyeing ASX-listed group that owns and operates The Star Sydney, The Star Gold Coast, and Treasury Brisbane, Star Entertainment. Different Approach Instead of making a regular move, the NYSE-listed company that serves institutional and individual investors and has deep […]
Business
January 29, 2025
Star Entertainment Divests Non-Core Assets as Search for Liquidity Continues
The Star Entertainment Group announced that it selling non-core assets as the group desperately seeks to secure its financial position. Star Sydney to Divest Its Event Center In a release submitted to the ASX, the Australian casino and hospitality company confirmed that its New South Wales-facing branch, The Star Entertainment Sydney Properties, has secured agreements […]
