Location: Australia
Pub baron agrees to additional Star investment, reduces Bally’s contribution to $120 million
Star Entertainment Group’s largest individual shareholder Investment Holdings Pty Ltd has entered into a binding term sheet with US casino... more
Bally’s acquisition of Australia’s Star described as risky with likely need for further capital investment
Bally’s Corp’s AU$300 million (US$180 million) bailout of Australia’s Star Entertainment Group has been described by CBRE Credit Research... more
Star Entertainment Group agrees to $180 million rescue deal with Bally’s
Australia’s Star Entertainment Group confirmed Monday it has entered into a binding term sheet with US casino operator Bally’s Corp to take... more
Australia’s Star seeks more from Bally’s as latest cash crunch nears
Australia’s Star Entertainment Group is said to have asked US casino operator Bally’s to increase its AU$250 million (US$158 million) offer... more
Bally’s bid back on the table as Star refinancing proposal falls through
Australia’s Star Entertainment Group said Wednesday it would engage with US casino operator Bally’s over a proposal to assume control after... more
The Star Sydney’s casino license to remain suspended until at least 30 September
The Star Sydney’s casino license will remain suspended for at least another six months with the property under the watch of Special Manager... more
Star extends by a week deadline for Salter Brothers to lock in
Australia’s Star Entertainment Group said Tuesday it has extended by a week an exclusivity and process deed with private equity firm Salter... more
Star’s largest shareholder said to be backing Bally’s takeover bid with $31.5 million
Star Entertainment Group’s largest single shareholder is backing a bid from American casino operator Bally’s Corp to take a controlling... more
Victorian parliament to debate mandatory carded play in all gaming venues ahead of trial
A bill that would mandate the introduction of mandatory carded play across all gaming venues in Victoria will be debated by the state’s... more
AUSTRAC CEO says gambling industry to remain a core focus, won’t hesitate to take action
Australia’s anti-money laundering watchdog AUSTRAC will continue to place a heavy focus on the gambling industry and won’t be cautious in... more
