Refinancing Deal Collapses For Star Entertainment
Australian casino operator, the Star Entertainment Group, has announced a major setback regarding its refinancing efforts. The company disclosed in a formal statement that it had not secured a binding debt commitment letter from Salter Brothers Capital, which was crucial for a proposed financial support package of up to AUD 940 million (approximately More...
Star Entertainment In Crisis As Shares Suspended
Star Entertainment, Australia’s major casino operator, faces its biggest crisis yet. The company might have to let go of 9,000 workers at its Brisbane, Gold Coast, and Sydney venues. The situation has worsened More...
Oaktree Capital Offers Star Entertainment Potential Lifeline
Star Entertainment Group has received a potential financial lifeline from Oaktree Capital Management. The alternative asset manager has extended an offer to refinance a substantial portion of Star’s debt, More...
Australian Government Postpones Gambling Ad Ban Till After Elections
The Australian government has decided to delay its proposed restrictions on gambling advertisements until after the upcoming federal election. This has sparked debate among politicians, industry stakeholders, and More...
Star Hit With $15 Million Fine And License Suspension Extended
The Star Sydney Casino has been under intense scrutiny following a series of significant regulatory breaches that have led to severe penalties and ongoing operational challenges. The recent announcement of a $15 More...
Star Entertainment Faces Mounting Woes After Second Damning Inquiry
Star Entertainment has found itself at the centre of a damning second inquiry that has called into question its suitability to operate its Sydney casino. The findings from this second investigation have dealt a More...
David Tsai New CEO Of Crown Resorts
David Tsai After less than two years in the role, Mark McWhinnie, the outgoing Sydney CEO of Crown Resorts, has announced his retirement. McWhinnie, who had previously been retired for two years before joining Crown, More...
Gambling Industry Hit By IT Outage
Ladbrokes, Coral, TAB and Sportsbet. Customers logging into these platforms were greeted with warnings about the unavailability of betting and other functionalities. The outage was not limited to the betting industry, More...
SkyCity Casino In Auckland Closes Casino Operations
SkyCity Entertainment Group, the casino and entertainment company in New Zealand, has found itself at the centre of a regulatory investigation that has led to the suspension of its casino operations in Auckland. The More...
Star Entertainment Announce Launch Date Of Brisbane Resort
The Star Entertainment Group Ltd has announced the highly anticipated phased launch of its AUD3.6-billion (US$2.4-billion) integrated resort, The Star Brisbane. After multiple delays, the project is set to open More...