Star Entertainment Nears $2B Brisbane Casino Sale for Survival
Star Entertainment’s market value plunged to approximately $307 million following a recent 17% fall to 11¢, which led to its suspension from the Australian Securities Exchange because of delayed financial reports. The situation has forced one of Australia’s largest casino operators to fight for survival. A potential lifeline could come More...
Star Entertainment In Crisis As Shares Suspended
Star Entertainment, Australia’s major casino operator, faces its biggest crisis yet. The company might have to let go of 9,000 workers at its Brisbane, Gold Coast, and Sydney venues. The situation has worsened More...
Bally’s Considers Investment Into Australian Casino Operator
U.S. gaming operator Bally’s Corporation has set its sights on the Australian gaming market, exploring a potential investment in the troubled Star Entertainment Group, according to local reports in the country. More...
Tabcorp Post Impressive Growth In H2 of 2024
Tabcorp Holdings Limited has announced improved financial results for the latter half of 2024. Tabcorp’s latest financial report shows a substantial improvement across various metrics, signalling a period More...
Oaktree Capital Offers Star Entertainment Potential Lifeline
Star Entertainment Group has received a potential financial lifeline from Oaktree Capital Management. The alternative asset manager has extended an offer to refinance a substantial portion of Star’s debt, More...
Star Entertainment Considers Relinquishing Brisbane Casino Ownership
Star Entertainment Group, once one of the country’s leading gaming and hospitality companies, is considering divesting its ownership of the Queen’s Wharf casino complex in Brisbane. The potential move More...
Australian Government Postpones Gambling Ad Ban Till After Elections
The Australian government has decided to delay its proposed restrictions on gambling advertisements until after the upcoming federal election. This has sparked debate among politicians, industry stakeholders, and More...
Oaktree Capital Renews Interest In Star Entertainment
Global investment giant Oaktree Capital Management is reported to have renewed its interest in the beleaguered Star Entertainment Group. The report comes amidst a turbulent period for Star, which has been grappling More...
Tabcorp Sees Share Price Rise By Over 5% Following New Appointment
Tabcorp Holdings, the Australian betting and gaming company, has seen its stock price rise by over 5% following their recent announcement. The company has recruited Michael Fitzsimons, who is the outgoing executive More...
Macau Businessman Invests $38 Million Into Struggling Star Entertainment
The Star Entertainment Group has recently seen a substantial investment from an unexpected quarter. A Macau-based businessman has emerged as a new major shareholder, acquiring a considerable stake in the company, More...
