Star Entertainment is no longer entertaining the idea of a Crown Resorts takeover. On paper dubbed a merger, any action by Star to integrate Crown’s operations into its own would have put the latter’s brass on notice that their days were numbered. However, seeing that Crown continues to face more scrutiny across Australia and may […]
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 […]
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 […]
The Star Entertainment Group announced its full financial year ending June 30 results, focusing on the pre-pandemic period. The Group posted just under AUD$1.5 billion in net revenue, a 31% decline from the previous fiscal year. The casino operator reported earnings before interest, tax, depreciation and amortization (EBITDA) of AUD$282 million, 49% drop from the […]
Star Entertainment Group was the latest to feature in the inquiry initiated by the government in New South Wales (NSW) into the dealings of casino operator Crown Resorts with the junket firm Suncity. The ASX-listed group informed regulators that they switched Suncity to another part of the casino and tasked its internal anti-money laundering and […]
A maximum of 300 patrons will be allowed at Star Sydney casino property following restrictions which were rolled by the New South Wales government. COVID-19 Restrictions at Star Sydney Casino Property Rolled Back Star Entertainment has announced the rollback of restrictions at its Star Sydney casino property. The restrictions are aimed at reducing the possibility […]
