The company said it is exploring possible liquidity solutions that could improve its position.Australia.- The Star Entertainment Group has announced a trading halt due to speculation about its finances. The casino operator said it is exploring potential solutions that could enhance its liquidity pos
The company has not yet reached an agreement with its joint venture partners.Australia.- The Star Entertainment Group has issued a statement saying it has not yet reached an agreement with joint venture partners,Chow Tai Fook Enterprises Limited (CTFE) and Far East Consortium International (FEC) for
The casino operator has confirmed that it received proposals for its 50 per cent interest in Destination Brisbane.Australia.- The Star Entertainment Group says it has rejected confidential non-binding offers from Chow Tai Fook Enterprises Limited (CTFE) and Far East Consortium International Limited
The Star Entertainment Group has decided to sell The Star Sydney Event Centre and other spaces.Australia.- The Star Entertainment Group is to sell The Star Sydney Event Centre and some other spaces at The Star Sydney to Foundation Theatres for AU$60m (US$37.5m). It has executed an exclusivity arrang
David Crisafulli also suggested tax negotiations could be on the table.Australia.- Amid The Star Entertainment Group’s financial crisis, David Crisafulli, the premier of Queensland, has said he is open to discussing possible tax relief to prevent job losses and has suggested Star venues could be tak
Revenue was now 15 per cent sequentially.Australia.-The Star Entertainment Grouphas shared financial results for the second quarter of its financial year. It postedrevenue of AU$299m (US$185.4m), down 15 per cent sequentially. Earnings before interest, taxes, depreciation and amortisation (EBITDA) w
The Star Entertainment Group has reported an AU$70m (US$43.56m) drop in cash reserves, citing tough trading conditions, legal fees, fines and capital expenditures.Australia.- The Star Entertainment Group has announced its available cash as of December 31, 2024, plunged to AU$79m (US$49.16m). That’s
Krile has worked in finance at Lendlease for twenty years, including as group chief risk officer and group deputy chief financial officer.Australia.- The Star Entertainment Group has announced today (December 17) the appointment of Frank Krile as chief financial officer, pending regulatory approvals
Mackay took on the role just three months ago.Australia.- The Star Entertainment Grouphas announced today (December 13) thatMark Mackayhas stepped down as chief executive officer of its Gold Coast operations. The company provided no reason for the resignation, which comes after only three months in
The Star Entertainment Group has had the suspension of its licence for The Star Gold Coast casino deferred until 31 March 2025 by the Queensland Government in Australia.The government outlined that following the decision “clear expectations have been set”, urging The Star to “ensure it takes urgent
The casino operator has confirmed that all necessary regulatory approvals have been received.Australia.-Steve McCann has started work as chief executive officer and managing director of The Star Entertainment Group following his appointment on June 26.The casino operator has confirmed that all neces
The new loan comprises two tranches of AU$100m (US$65.1m) each.Australia.- The Star Entertainment Group has announced that it has executed a commitment letter for a new debt facility, which comprises AU$200m (US$129.2m) in two tranches of AU$100m (US$65.1m) each.The company said it is currently work
Perpetual Limited has sold AU$26m (US$17.17m) worth of shares in the casino operator.Australia.- The Star Entertainment Group has announced through a company filing that Perpetual Limited and its related bodies corporate have ceased to be a substantial shareholder of the company. The Motley Fool has
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