Tag: Star Entertainment
CEO McCann says Star can quickly return to profitability if safer gambling initiatives also applied to pubs and clubs
Star Entertainment Group CEO and Managing Director Steve McCann told investors Tuesday that he is confident the company would quickly... more
Bally’s Chairman Soo Kim talks after deal sealed to acquire Australia’s Star Entertainment [VIDEO]
Star Entertainment Group confirmed Monday it had entered into a binding term sheet with US casino operator Bally’s Corp to take control... more
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... 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... 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... 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)... 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... 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... 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... 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
