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Resorts & Casinos News

Embattled Star offered $300M lifeline from Bally's

The Star Entertainment Group Ltd is set to get an injection of $300 million from US casino giant Bally's Corporation

08 Apr 2025 09:55 (AEST)

ASX News Consumer Cyclical Financial Services Resorts & Casinos Consumer Discretionary

While it's now taking a look at Star Entertainment, U.S. giant Bally's is also busy trying to launch an IPO to fund a casino in Chicago.

Jonathon Davidson

10 Mar 2025 16:03 (AEDT)

ASX News Consumer Cyclical Resorts & Casinos Consumer Discretionary

This probably isn’t what Star Entertainment (ASX:SGR) wanted to release to the market on a Friday: The casino says it’s been unable to reach an agreement with two entities who want to give Star $50 million as part of a deal for some of its property assets.Listen to...

Jonathon Davidson

07 Mar 2025 11:59 (AEDT)

ASX News Consumer Cyclical Resorts & Casinos

The Star Entertainment Group Ltd has been suspended from trading on Australia's stock market after failing to deliver its financial report

03 Mar 2025 13:12 (AEDT)

ASX News Consumer Cyclical Resorts & Casinos Consumer Discretionary

PointsBet (ASX:PBH) has essentially rejected BlueBet's Wednesday takeover offer of the company based on the fact the latter needs to raise $100M to pull it off and that benefits were based on 'assumed synergies.

Jonathon Davidson

27 Feb 2025 10:55 (AEDT)

ASX News Consumer Cyclical Resorts & Casinos

Star Entertainment (ASX:SGR) has kicked off the fire sale everybody was expecting, lobbing off an events venue for $60M to a theatre company.

Jonathon Davidson

29 Jan 2025 13:13 (AEDT)

ASX News Consumer Cyclical Resorts & Casinos Consumer Discretionary

Is Star Entertainment (ASX:SGR) a bargain in disguise or a sinking ship? The embattled casino operator’s financial troubles have sent its share price tumbling, raising serious doubts about its future. But does the current situation reflect the timeless investment principle of buyi...

24 Jan 2025 13:30 (AEDT)

ASX News Contributors & Collaborations Consumer Cyclical Resorts & Casinos

Tabcorp Holdings Ltd has seen its share price rise after announcing the appointment of top wagering executive Michael Fitzsimons

16 Jan 2025 12:36 (AEDT)

ASX News Consumer Cyclical Resorts & Casinos Consumer Discretionary

For market watchers and regulators alike, The Star Entertainment Group (ASX:SGR) is a gift that keeps on giving.

Jonathon Davidson

14 Jan 2025 11:01 (AEDT)

ASX News Consumer Cyclical Resorts & Casinos Consumer Discretionary

Star Entertainment Group (ASX:SGR) appears bound for one of two options @ @go bankrupt or be bought” @ as its already low financials seep away.The struggling casino operator took a huge hit to its share value yesterday, with the consumer company diving 33.3% after it alerted...

10 Jan 2025 09:08 (AEDT)

ASX News Consumer Cyclical Resorts & Casinos Consumer Discretionary

With Australia's major casino stocks slammed, is it safe to invest in them? Just look at short seller activity for Star Entertainment Group.

Jonathon Davidson

17 Oct 2024 14:04 (AEDT)

ASX News Consumer Cyclical Resorts & Casinos

The ASX 200 will strive for yet another record, with gains of more than a third of a per cent (0.34%) tipped, thanks to strong performances on US markets and the rising iron ore price.

27 Sep 2024 09:15 (AEST)

ASX News Market Summary Consumer Cyclical Resorts & Casinos

NZ-based Skycity Entertainment has revealed it's been hit with a NZ$4.16M fine from New Zealand's High Court.

Jonathon Davidson

26 Sep 2024 13:23 (AEST)

ASX News Consumer Cyclical Resorts & Casinos