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Star Entertainment Shares Plunge as Company Seeks $650 Million Rescue Amid Financial Woes

February 28, 2025

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Financial Press Releases

Star Entertainment Group Ltd. has witnessed a significant downturn, with its shares tumbling over 15% after trading resumed following a brief halt. The company, ensnared in grave financial difficulties, is acti...

Iris Capital Moves to Acquire Reef Casino Trust in $130M Takeover Bid

Vanja Mitic

February 27, 2025

Casino Sales, Latest Casino and Gambling News, Casino Destinations, Australia, Casino News, World Casino News, Gaming Industry News, Oceania Casino News, Mergers, Acquisitions & Partnerships

In a bold move to expand its footprint in the Australian casino and hospitality sector, Iris Capital, led by Sam Arnaout, has proposed a significant acquisition of the Reef Casino Trust. This initiative is part...

PointsBet Board Supports AU$353M Mixi Takeover as BlueBet Challenges

Johnny K.

February 27, 2025

Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Sports betting, Mergers, Acquisitions & Partnerships, Oceania Casino News

PointsBet has received two competing takeover offers, with its board unanimously backing an AU$353 million all-cash bid from Japanese digital entertainment company Mixi. Meanwhile, Australian-based bookmaker Bl...

Turbulence at Entain: Key Executives Exit Amid Legal Challenges

Vanja Mitic

February 20, 2025

Australia, Latest Casino and Gambling News, New Zealand, Gaming Industry News, Money Laundering, Employment & Careers, Fines, Lawsuits & Litigation

At a critical juncture for one of Australia’s gambling powerhouses, Entain, the departure of several top executives has coincided with intense legal scrutiny from national regulators. Lachlan Fitt, the Deputy C...

Network Ten Breaches Gambling Ad Rules During Australian F1 Grand Prix

Vanja Mitic

February 19, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Unsavory reports, Gaming Industry News, Fines, Lawsuits & Litigation

Network Ten, an Australian television broadcaster, has recently come under scrutiny after it was discovered that gambling advertisements were improperly aired during the broadcast of the 2024 Australian Formula...

Star Entertainment Reviews $650M Proposal from Oaktree Capital

Johnny K.

February 17, 2025

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News

Star Entertainment Group is weighing a $650 million debt financing offer from Oaktree Capital Management as the Australian casino operator faces serious financial uncertainty. With dwindling liquidity and ongoi...

Australian Court Rejects Aristocrat’s Injunction Against Light & Wonder’s Dragon Train

Johnny K.

February 12, 2025

U.S.A., Latest Casino and Gambling News, Australia, North America Casino News, World Casino News, Gaming Industry News, Game manufacturers, Oceania Casino News, Fines, Lawsuits & Litigation

The Federal Court of Australia has ruled against Aristocrat Leisure Ltd’s request for an interlocutory injunction aimed at preventing Light & Wonder’s Dragon Train slot machines from being available in the ...

The Star Entertainment Declines Initial Bids for Brisbane Casino Stake

Johnny K.

February 10, 2025

Casino Sales, Casino News, Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News

The Star Entertainment Group has turned down initial offers from Hong Kong-based partners, Chow Tai Fook Enterprises Limited (CTFE) and Far East Consortium International Limited (FEC), to purchase its 50% stake...

NFL Set to Host First Regular Season Game in Australia in 2026

Johnny K.

February 8, 2025

Latest Casino and Gambling News, NFL, U.S.A., Australia, World Casino News, North America Casino News, Sports betting, Oceania Casino News

The National Football League (NFL) has revealed plans to stage its first-ever regular season game in Australia, marking a significant expansion of its global presence. Melbourne will serve as the host city, wit...

BlueBet Acquires TopSport Assets in $15 Million Deal to Boost Market Share

Vanja Mitic

February 5, 2025

Australia, Latest Casino and Gambling News, Gaming Industry News, Technology, Mobile gaming, Online Gambling News, Mergers, Acquisitions & Partnerships

BlueBet Holdings has made a significant move to consolidate its position in the Australian online wagering market by acquiring certain assets from Queensland bookmaker TopSport in a deal valued at $15 million. ...

SkyCity Entertainment Resolves Long-Running South Australian Tax Dispute with AU$38.1 Million Settlement

Vanja Mitic

February 3, 2025

Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, World Casino News, Gaming Industry News, Taxation, Fines, Lawsuits & Litigation

SkyCity Entertainment Group has successfully reached a resolution with the South Australian government, bringing an end to a prolonged and complicated legal and tax dispute. The dispute, which revolved around t...

Star Entertainment Sells Sydney Event Centre to Foundation Theatres for AU$60 Million

Vanja Mitic

January 29, 2025

Casino Sales, Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Economy/Finance

Star Entertainment Group has announced the sale of its Sydney Event Centre and several other facilities located within The Star Sydney complex. The buyer, Foundation Theatres, has agreed to purchase the assets ...

NSW Government to Ban Gambling Ads on Public Transport

Vanja Mitic

January 28, 2025

Australia, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News

In a significant move to combat gambling harm, the New South Wales (NSW) Government has announced plans to remove all gambling-related advertisements from public transport across the state. This ban, which will...

Queensland Premier Signals Tough Stance on Star Entertainment Amid Financial Crisis

Vanja Mitic

January 22, 2025

Casino Destinations, Australia, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Oceania Casino News, Financial Press Releases

Queensland Premier David Crisafulli has voiced deep concerns over Star Entertainment's failure to honor its commitments in the state, particularly regarding the Queen’s Wharf development in Brisbane. As the com...

Star Entertainment Faces Financial Struggles Under Safe Harbour Provisions

Johnny K.

January 18, 2025

Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News

Star Entertainment Group has taken a significant step to stabilize its operations by invoking safe harbour provisions. This legal measure protects company directors from personal liability in case of insolvency...

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Star Entertainment Shares Plunge as Company Seeks $650 Million Rescue Amid Financial Woes

Iris Capital Moves to Acquire Reef Casino Trust in $130M Takeover Bid

PointsBet Board Supports AU$353M Mixi Takeover as BlueBet Challenges

Turbulence at Entain: Key Executives Exit Amid Legal Challenges

Network Ten Breaches Gambling Ad Rules During Australian F1 Grand Prix

Star Entertainment Reviews $650M Proposal from Oaktree Capital

Australian Court Rejects Aristocrat’s Injunction Against Light & Wonder’s Dragon Train

The Star Entertainment Declines Initial Bids for Brisbane Casino Stake

NFL Set to Host First Regular Season Game in Australia in 2026

BlueBet Acquires TopSport Assets in $15 Million Deal to Boost Market Share

SkyCity Entertainment Resolves Long-Running South Australian Tax Dispute with AU$38.1 Million Settlement

Star Entertainment Sells Sydney Event Centre to Foundation Theatres for AU$60 Million

NSW Government to Ban Gambling Ads on Public Transport

Queensland Premier Signals Tough Stance on Star Entertainment Amid Financial Crisis

Star Entertainment Faces Financial Struggles Under Safe Harbour Provisions

Macau’s Satellite Casinos Face Uncertainty as Transition Deadline Nears

Legal Showdown: The Talisman Group Secures Key Victory in Baccarat Distribution Dispute

Melco Resorts Evaluates Strategic Alternatives for City of Dreams Manila

Rush Street Interactive Reports 2024 Growth With Strong Q4 Performance

Big Fresno Fair Halts Horse Racing for 2025, Citing Industry Uncertainty