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Star Entertainment Reports $302M Loss After Securing Rescue Funding

April 15, 2025

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

Star Entertainment Group has reported a first-half loss of $302 million, deepening its financial woes and prompting the urgent need for a rescue deal to ensure continued operations. The results, delayed for ove...

Crown Names New Melbourne Chair, Partners with AFL’s Harley Reid

Vanja Mitic

April 11, 2025

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Employment & Careers, Oceania Casino News

Crown Resorts is ushering in a period of renewal and growth with major updates to its leadership and brand partnerships. The company announced that The Hon. Martin Pakula will take over as Chair of Crown Melbou...

Star Entertainment Agrees Bally’s $300M Takeover Bid

Vanja Mitic

April 7, 2025

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

In a transformative move, Star Entertainment Group is set to hand over the reins to Bally’s Corporation following a $300 million acquisition deal. This agreement promises to secure the Australian casino operato...

Star Entertainment Group Faces Critical Financial Hurdles as Refinancing Plans Unravel

Vanja Mitic

April 3, 2025

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

The Star Entertainment Group, a prominent name in the Australian gambling sector, is currently navigating through tumultuous financial waters as its AU$940 million ($593 million) refinancing deal with Salter Br...

Victorian Parliament Advances Sweeping Poker Machine Reforms

Vanja Mitic

March 25, 2025

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

In a significant legislative move, the Victorian Parliament has passed the Gambling Legislation Amendment (Pre-commitment and Carded Play) Bill 2024. This bill, which recently advanced to the Legislative Counci...

Billionaire Bruce Mathieson Backs Bally’s Takeover Bid for Star Entertainment

Johnny K.

March 24, 2025

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

Star Entertainment’s largest investor, billionaire pub and gaming magnate Bruce Mathieson, has thrown his support behind a buyout proposal from Bally’s Corporation, the American casino giant. The move comes as ...

Sydney’s Underground Casinos Flourish Amid Strict Casino Regulations

Johnny K.

March 18, 2025

Australia, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Unlicensed Operation, Oceania Casino News, Crime

As Sydney's major casinos grapple with stringent regulations and looming financial troubles, a shadowy world of illegal casinos flourishes, offering gamblers an alternative as they escape the tightening grip of...

Bally’s Bold Strategy: A $250 Million Bid for Star Entertainment’s Revival

Johnny K.

March 10, 2025

U.S.A., Australia, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Mergers, Acquisitions & Partnerships

In a recent move to consolidate its position in the global casino market, Bally’s Corporation has extended a $250 million recapitalization offer to Australia's Star Entertainment. This bid, aimed at acquiring a...

Foxtel Faces ACMA Reprimand Over Gambling Advertisement Violation

Johnny K.

March 8, 2025

Gaming Law & Legislation, Australia, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Oceania Casino News, Fines, Lawsuits & Litigation

The Australian Communications and Media Authority (ACMA) has determined that Foxtel Cable Television Pty Limited breached gambling advertisement regulations during its coverage of an Australian Football League ...

Star Entertainment’s Lifeline: A Temporary Reprieve Amid Financial Turmoil

Vanja Mitic

March 7, 2025

Casino Sales, Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Financial Press Releases

In a critical move to avert immediate financial collapse, Star Entertainment Group has divested its 50% interest in the nascent Brisbane casino, securing a crucial $53 million. This financial injection comes as...

New South Wales Abandons Promised Reduction of Poker Machines

Vanja Mitic

March 5, 2025

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

Prior to the state election, the NSW government had campaigned on a clear pledge to significantly reduce the number of poker machines across the state. This commitment, articulated by prominent figures like Tre...

Queensland Government Launches Comprehensive Racing Industry Review

Vanja Mitic

March 3, 2025

Greyhound Racing, Horse Racing, Australia, Latest Casino and Gambling News, Gaming Industry News, Horse Racing, Oceania Casino News

The Queensland Government has announced a significant review of the state's racing industry, marking the most extensive evaluation of its kind in over 25 years. A newly released discussion paper seeks input fro...

Victoria Gambling Regulator Fines Peninsula Club Over Underage Gambling

Vanja Mitic

March 3, 2025

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

The Victorian Gambling and Casino Control Commission (VGCCC) has imposed a $7,000 fine on the Peninsula Club in Dromana after it was found to have violated underage gambling regulations. The venue, operated by ...

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

Vanja Mitic

February 28, 2025

Australia, Latest Casino and Gambling News, 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, Casino News, Latest Casino and Gambling News, Casino Destinations, Australia, 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...

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Star Entertainment Reports $302M Loss After Securing Rescue Funding

Crown Names New Melbourne Chair, Partners with AFL’s Harley Reid

Star Entertainment Agrees Bally’s $300M Takeover Bid

Star Entertainment Group Faces Critical Financial Hurdles as Refinancing Plans Unravel

Victorian Parliament Advances Sweeping Poker Machine Reforms

Billionaire Bruce Mathieson Backs Bally’s Takeover Bid for Star Entertainment

Sydney’s Underground Casinos Flourish Amid Strict Casino Regulations

Bally’s Bold Strategy: A $250 Million Bid for Star Entertainment’s Revival

Foxtel Faces ACMA Reprimand Over Gambling Advertisement Violation

Star Entertainment’s Lifeline: A Temporary Reprieve Amid Financial Turmoil

New South Wales Abandons Promised Reduction of Poker Machines

Queensland Government Launches Comprehensive Racing Industry Review

Victoria Gambling Regulator Fines Peninsula Club Over Underage Gambling

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

Macau’s Mass Market Gaming Dominates 1Q25, But Revenue Growth Slows

Booming Games Brings Classic Springtime Cheer in Easter Classics Online Slot

Saks Fifth Avenue Drops Plans for Midtown Casino

Aristocrat Nears $1B Acquisition of Interblock to Enter ETG Market

Toronto Casino Fined $120K Over Dealer Collusion Scheme