THE STAR ENTERTAINMENT GROUP ORD
Star Entertainment Receives Final Regulatory Approval for $300m Equity Conversion
Star Entertainment Group (ASX: SGR) has received final regulatory approval to implement its $300m strategic investment from Bally’s Corp and Investment Holdings, allowing both groups to convert their notes into equity and appoint nominee directors to the board.
Star Entertainment fights for its life as cash runs short
It is particularly apt that as a casino company, Star Entertainment (ASX: SGR) now faces the equivalent of a red or black future on roulette. If it hits black, then the company will be saved and literally 9000 jobs with it. If it hits red, then the once storied company worth billions of dollars faces […]
ACCC blocks Qantas-Alliance tie-up, Star Group reveals low earnings and Irish national to lead flailing EML Payments
The Australian Competition and Consumer Commission (ACCC) has stonewalled Qantas Airways’ (ASX: QAN) proposed acquisition of private charter flight service company Alliance Aviation Services (ASX: AQZ). Qantas scooped up a 19.9% holding in Alliance in February 2019, and in May last year followed up with a bid acquire 100% of the airline for about $614 […]
Star hit with NSW tax hike, BHP and OZ extend exclusivity period and Newcrest Mining CEO retires
Beleaguered The Star Entertainment Group’s (ASX: SGR) shares have continued their downward spiral – plummeting at the start of this week after the New South Wales Government announced plans to raise an extra $364 million in taxes from casino operators over the next three years. The Star chief executive officer Robbie Cooke slammed the move, […]
