Tag Archives: The Star Entertainment Group

Bally’s buyout last chance for AU firm as H1 confirms tough times

Bally’s lifeline just in time for The Star amid $302m loss

The Star Entertainment Group Ltd remains at risk despite international efforts to save the Australian gambling firm.  In its delayed H125 (31 December 2024) financial statement – which was supposed to come out on 28 February but was postponed amid financial struggles –  the company reported a net deficit of AU$302m (£145m) over the last six months of that year.  …

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US giant Bally’s expands Australia foothold with The Star casino deal

US giant Bally’s expands Australia foothold with The Star casino deal

Struggling Australian casino company The Star Entertainment Group has secured a financial lifeline with Bally’s Corporation, one of the biggest betting and gaming conglomerates in the US. Bally’s has invested AUS$300m (US$187m/€166.2m) into the company, which runs large casino resorts in Sydney, Brisbane and the Gold Coast. On top of the investment, Bally’s has partnered with the firm with the …

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