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
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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