Tag: Star Entertainment
Australia: Star’s dispute with lenders could jeopardize Bally deal
Australia’s Star Entertainment Group has described as “unacceptable” the terms put forward by its lenders to provide requested... more
Star enters into binding agreement with Hong Kong partners to offload its 50% stake in Queen’s Wharf Brisbane
Less than two weeks after an initial agreement collapsed, Australia’s Star Entertainment Group has confirmed it will offload its 50%... more
Australia: Casino regulator reported to be wary of Bally’s takeover plan for Star
The NSW casino regulator is said to hold concerns over the planned takeover of embattled Star Entertainment Group by US casino operator... more
Investors said to be eying Crown Resorts to take over Star’s Brisbane casino
Star Entertainment Group’s Hong Kong partners are reportedly looking to replace Star with its local rival Crown Resorts as operator of... more
Bally’s ready to pull out of Star rescue deal if Australia’s AML watchdog issues monster fine
US casino operator Bally’s Corp may have to withdraw from its multi-million-dollar rescue of Star Entertainment Group should the... more
Star Entertainment’s Brisbane casino workers to strike over pay negotiations amid ongoing financial woes
Hundreds of workers at Star’s Brisbane casino are set to walk off the job, saying the entertainment group has proposed cutting... more
Star’s Hong Kong partners terminate deal to acquire 100% of Queen’s Wharf Brisbane
Star Entertainment Group’s Hong Kong partners, Chow Tai Fook Enterprises Limited and Far East Consortium International Limited, have... more
Star Entertainment Group shareholders give approval to $195 million Bally’s rescue package
Star Entertainment Group shareholders have overwhelmingly voted in favor of an AU$300 million (US$195 million) rescue proposal by US casino... more
Star Entertainment appoints six key executives
Australia’s Star Entertainment Group has announced the appointment of six key executive and director appointments, including former Las... more
Star calls for leniency as court hearing to determine size of AUSTRAC fine gets underway
Just weeks after securing an AU$300 million bailout package, Australia’s Star Entertainment Group is fighting to stave off a... more
