Tag: Star Entertainment
Star’s board ‘incurious and complacent’ about red flags: ASIC
The corporate watchdog has accused 10 former Star Entertainment board members and executives of being blind to the red flags that pointed... more
High-flyers to face court in blockbuster hearing as Star casino faces collapse
As Star Entertainment is rapidly running out of both cash and options for survival, the corporate legal battle of the decade begins on... more
Star Entertainment Group starts divesting assets as The Star Sydney Event Centre sold for US$37.5 million
Troubled Star Entertainment Group has revealed it will sell off The Star Sydney Event Centre and other associated spaces at The Star Sydney... more
Star says opportunities to raise much-needed funding ‘limited’
Australia’s Star Entertainment Group on Monday reiterated the existence of considerable uncertainty around its ability to continue as a... more
Australia’s Star Entertainment is on the brink of collapse. What happens next?
Almost a decade ago, executives at Star Entertainment described the planned construction of the Queen’s Wharf casino in Brisbane as a... more
Star Entertainment’s implosion could cost thousands of jobs as fears grow the Australian giant may fail
Star Entertainment Group could be broke in a matter of weeks with the future of its casinos in Sydney, Brisbane and the Gold Coast –... more
JPMorgan exits stake in embattled Australian casino operator Star Entertainment
JPMorgan Chase has exited its position as a shareholder in Australia’s Star Entertainment, according to an exchange filing from the... more
Queensland government defers decision on suspending The Star Gold Coast’s casino license until March
The Queensland state government has deferred a decision on suspending Star Entertainment Group’s casino license for The Star Gold Coast... more
Australia: Star chief executive warns liquidity at ‘critical point’
Star Entertainment chief executive Steve McCann has warned the casino group is still experiencing negative monthly cash flows, and begged... more
Star reports AU$18 million EBITDA loss in September quarter
Australia’s Star Entertainment Group has reported an AU$18 million (US$12 million) EBITDA loss for the three months to 30 September 2024,... more