Star Entertainment finally releases financial report
After a long delay, Star Entertainment released its half-year financial report for the period ending 31 December 2024, confirming a net loss of A$302 million and highlighting...
Star set to sign $300M lifeline deal on April 7
Australian gambling operator Star Entertainment is about to sign a $300 million rescue deal with US-based casino giant Bally’s Corporation.
According to the Australian Financial Review, the deal could be signed as soon as April 7. Bally first announced its interest in investing back in February when the Star was on the brink, reportedly just a week away from running out of cash. The company has been in a trading halt on the ASX since late February, after failing to file its half-year financial results.
Back in 2022, the NSW Independent Casino Commission fined Star $100 million for enabling money laundering at its Sydney site. Investigations also revealed that the company took advantage of vulnerable gamblers.
While Star hasn’t officially commented yet, this deal could be the turnaround the Aussie casino operator desperately needs.
Star nears collapse after rescue deal withdrawal
Australian gambling operator Star Entertainment is once again facing financial trouble after Salter Brothers Capital's refinancing deal withdrawal.For many years, Star...
