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Star Entertainment says no deal yet over Brisbane casino with HK shareholders

  • Star Entertainment is attempting to secure a $50 million loan from Chow Tai Fook Enterprises and Far East Consortium to avoid financial collapse, as reported in the Australian Financial Review.
  • Shares of Star Entertainment have been suspended from trading and fell over 17% after reports of financial instability and possible liquidity issues.
  • Star has confirmed ongoing discussions with its joint venture partners regarding the sale of its stake in the Queen's Wharf development, but stated that no agreement has been finalized yet.
  • Star confirmed ongoing discussions with its joint venture partners but stated that no deal has been finalized yet.
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ABC AustraliaABC Australia

Star to hand over Brisbane casino to Hong Kong investors in $53m deal

Embattled casino group Star Entertainment will stay alive, for now, after securing a $53 million lifeline in return for selling its 50 per cent stake in the new Brisbane casino.

·Australia
Read Full Article
9News9News

Star doesn't have deal to sell stake in $3.6 billion development

Star Entertainment has been unable to reach a deal that would see it sell its stake in Brisbane's Queen Wha...

·Australia
Read Full Article
Channel News AsiaChannel News Asia

Star Entertainment says no deal yet over Brisbane casino with HK shareholders

Australia's Star Entertainment on Friday said it has yet to reach an agreement to sell its 50 per cent stake in the Brisbane joint venture to its Hong Kong-based shareholders, as it navigates mounting pressures to avoid voluntary administration.The Australian Financial Review reported that Star is consid

·Singapore
Read Full Article
Australian Financial ReviewAustralian Financial Review

Hong Kong investors to rescue Star, close in on Brisbane casino

The struggling entertainment group has debts totalling $400 million and its shares have not traded since Monday because it has been unable to sign off accounts.

·Sydney, Australia
Read Full Article
The West AustralianThe West Australian
Reposted by
swmdigital.ioswmdigital.io

Star close to deal to sell casino and stay afloat

Cash-strapped Star Entertainment is set to offload its Brisbane casino in an 11th-hour deal that could rescue it from financial collapse.

·Australia
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BizTocBizToc

Star Entertainment Averts Collapse in 11th-Hour Casino Deal

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.

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Lawyerly broke the news in on Wednesday, March 5, 2025.
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