Star Entertainment avoids Game Over as Ballys throws $300 Million lifeline

Sign Up for Take StockInvestment news, stock ideas, and more, straight to your inbox. The Star is continuing to engage with the Joint Venture Partners and will provide an update if there are any material developments regarding the parties’ respective interests in DBC and DGCC. However, Star and its JV partners were “unable to reach agreement on a number of outstanding commercial issues” relating to the deal. Revenues are down, with Star Entertainment reporting an unaudited $270 million in revenue for 4Q FY25, down 31% on 4Q FY24. “[It’s] loaded with $650 million of its own debt, is still less than 50 per cent operational and requires hundreds of millions of dollars in additional capital expenditure to complete,” Mr Mayne noted.
Globally, the 10 richest people are all men, and their wealth increased by more than $150 million a day on average. “We’re asking people to decide how to prevent unauthorized casino logins for beginners much they’re going to draw on their superannuation each year, without knowing how long they’re going to live,” Grattan’s Brendan Coates told ABC New Channel. The gold didn’t enjoy much of a day with most miners in the red despite the gold price picking up in the afternoon session. The gains were largely across the board with 120 companies making gains, 72 losing ground and 8 going nowhere from Friday’s close. The ASX 200 gained 0.5 per cent ahead of Donald Trump’s inauguration ceremony on Tuesday morning. Start the day with a summary of the day’s most important and interesting stories, analysis and insights.
On Friday afternoon, Far East Consortium confirmed a deal had been struck, in a filing fiat to crypto casino payments the Hong Kong stock exchange. The only positive element to Wang stalking Star is that he is prepared to place money on a bet that Star will survive. It was enough to breathe some life back into the share price, which has moved up from 10¢ to 14¢ since Wang’s shareholding was disclosed. In a possible blow to these asset sale hopes, it has been reported that an Australian company that was lined up to buy the leasehold of the Treasury Hotel in Brisbane has pulled out in recent times.
Star Entertainment was suspended from trading by the ASX on Monday over its failure to lodge financial statements for the December half-year. Star Entertainment Group was delisted from the Australian Securities Exchange on Monday as the group faces scrutiny over a series of scandals related to criminal activity and unethical conduct at its casinos. “Any deal that promises to keep venues in Brisbane, the Gold Coast and Sydney operating as a going concern is a good result for the Star workers, their families and the communities they live in,” the union’s casino director Andrew Jones said. “We’re always looking at everything within the best interest of the staff certainly our shareholders,” Daniel Finch, CEO The Star Brisbane, said 7NEWS on Monday.
Star has been in talks with the owners of the other half of Brisbane’s Queen’s Wharf development — Hong Kong investors Far East Consortium International and Chow Tai Fook Enterprises — since mid-February. Embattled casino group Star Entertainment will Stay Casino login recovery options Australia alive, for now, after securing a $53 million lifeline in return for Spinstralia secure payments selling its 50 per cent stake in the new Brisbane casino. The ASX 200 and the All Ordinaries index both ended Monday’s session 1.8 per cent lower, wiping off about $50 billion in market value. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
For slot machine themes a sharemarket gambler, an investment in Star is the ultimate high-adrenaline bet. And make no mistake – this is a big bet from an investor top poker apps 2026 – even one who is located at the epicentre of gambling and who thrives on risk. He has been stalking Star since September last year but only showed his hand this week when his stake tipped over the 5 per cent notification threshold.