Star’s accounts paint an ugly picture – and it’s not out of the woods yet

‘Delighted by problems’: Bally’s surprise plan to fix Star Entertainment

‘(Bally’s) has bought very distressed properties over the years and made them all work.’

Star’s accounts paint an ugly picture – and it’s not out of the woods yet

Given the state of its finances it really was Bally’s or bust for Star, and the casino operator’s US owner will have to be ready to wade through an ocean of red.

Star accounts reveal Bally’s is trying to catch a falling knife

The gaming group isn’t out of the woods. Its casinos are going backwards, it has problems with regulators, and it’s one fine away from needing to raise equity.

Citing financial uncertainty, Star says trial in AUSTRAC case should not wait

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me Embattled casino operator The Star says a trial in AUSTRAC’s case should not be delayed until the finalisation of a $300 million buyout offer from Balley’s, as suggested by the financial crimes watchdog. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me Lost yo…

US casino boss lands in Brisbane with bold plan to save Star Entertainment

Armed with an orange notepad and pen, Robeson Reeves could pass as any one of the Queensland public servants walking up and down William St in Brisbane’s CBD on a Tuesday afternoon. Instead, he is the man in charge of a US gaming giant worth $737 million USD — which is poised to finalise a deal to take control of Star Entertainment and attempt to save it. WATCH THE VIDEO ABOVE: Bally’s CEO Robeson Reeves One-on-One with 7NEWS Know the news with …

IAG’s Andrew W Scott talks latest Star Entertainment developments on Australia’s Sky News

IAG’s Vice Chairman and CEO has appeared on Australia’s Sky News to discuss the latest developments at Star Entertainment Group, which this week reported an AU$302 million loss for FY24 just days after locking in an AU$300 million bailout from US casino operator Bally’s Corp. Andrew discusses what lies ahead for Star as it looks to reverse its flagging fortunes under new ownership.