Star Entertainment has managed to sidestep administration by securing a significant $300 million investment from Bally’s Corporation, a US-based casino giant. In an official statement to the Australian Securities Exchange …
Casino
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Star Entertainment is facing a potential collapse after a crucial $940 million funding agreement with local investment managers Salter Brothers failed to materialise. The company disclosed that negotiations for a …
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The New South Wales Independent Casino Commission (NICC) has announced that The Star casino’s licence will remain suspended until at least the end of September. Nick Weeks, appointed by the …
- Finance
Star Receives Last-Minute $250 Million Cash Injection Proposal from US Casino Giant
by adminStar Entertainment has secured a crucial financial support of $250 million from Bally’s Corporation, a prominent American casino operator. This much-needed cash infusion comes as Star, which operates casinos in …
- Finance
Star Entertainment Fails to Secure Sale of Stake in $3.6 Billion Queen’s Wharf Project
by adminStar Entertainment has yet to secure an agreement to divest its stake in the Queen’s Wharf development in Brisbane, valued at $3.6 billion. Reports from the Australian Financial Review indicate …
- Finance
Star Enters Trading Halt Again, Teeters on Edge of Collapse with 9,000 Jobs at Stake
by adminStar Entertainment is facing severe financial challenges, placing nearly 10,000 jobs in jeopardy. The casino operator entered a trading halt for the second time in just a few days after …