Location: Australia
Bally’s makes late offer to acquire, turn around Australia’s troubled Star Entertainment Group
Just days after announcing an agreement with its Hong Kong partners to sell off its 50% stake in The Star Brisbane, Star Entertainment... more
Star Entertainment Group said to have secured last-minute lifeline via proposed sale of The Star Brisbane to Hong Kong partners
Local media reports claim that embattled Australian casino operator Star Entertainment Group is set to offload its recently opened The Star... more
Star enters trading halt amid concerns cash has run dry
Australia’s Star Entertainment Group has entered a trading halt amid rumors the company has all but run out of cash. Local media reports... more
Light & Wonder ditches live-dealer games
Anyone who thought that Light & Wonder executives talked themselves out in an impromptu February 18 analyst call thought wrong. CEO... more
Light & Wonder reports expansive fourth quarter
Company records for financial and operational performance were posted by Light & Wonder in fourth-quarter numbers released late on... more
Victorian regulator completes widespread investigation into underage gambling
Victorian Gambling and Casino Control Commission (VGCCC) said Monday it had filed 98 charges and achieved 14 prosecutions against 10... more
Bally’s Corporation joins Star Entertainment scramble in Australia
An American casino operator controlled by a New York hedge fund has joined the opportunists sniffing around embattled Star Entertainment... more
Aristocrat to launch $475 million share buy-back program
Weeks after wrapping up an AU$1.85 billion (US$1.17 billion) on-market share buy-back program, global gaming supplier Aristocrat Leisure... more
OPINION: Why one of Australia’s biggest casino operators doesn’t deserve to be saved
The buzzards are circling, and the coyotes are licking their chops because the pulse is getting weaker by the minute at Star Entertainment.... more
Oaktree Capital looking to buy out Star Entertainment Group’s debt
US debt management firm Oaktree Capital Management is looming as a potential last-minute savior for troubled Australian casino operator... more

