Tag: Star Entertainment
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
Bally’s wants broad review of Star’s operations if $195 million investment proposal approved by shareholders
US casino operator Bally’s Corp has called on the Board of Directors of Australia’s Star Entertainment Group to conduct a... more
Star Entertainment swings to third-quarter loss as storms, weak demand hit casinos
Star Entertainment said on Wednesday it swung to an operating loss in the third quarter, as seasonal weakness, dwindling casino visitors... more
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
