Today
Star on verge of collapse, sweats on last-minute rescue
The casino giant is unsure sure it can continue to trade and is waiting on “one or more liquidity” proposals.
Yesterday
Star Entertainment’s board is struggling to sign off on its accounts
Failure to finalise its finances would put the casino operator’s ability to keep its shares trading in doubt and bring its financial predicament to a head.
Cook’s message for V’landys: WA doesn’t need the NRL
WA premier says NRL brass must understand rugby league is a relative minnow west of the Nullarbor, and his government won’t bend over backwards to secure a team.
PointsBet spars with spurned suitor BlueBet over funding and synergies
The ASX-listed bookmaker has agreed to sell itself to Japan’s Mixi, angering backers of its Matthew Tripp-run rival who claim it is leaving money on the table.
Keybridge’s lawyer warned against using administration to avoid board spill
Silk Andrew Broadfoot urged Keybridge to be cautious about a decision to appoint an administrator days before a shareholder meeting.
This Month
Major PointsBet investors back BlueBet over Mixi’s $353m takeover bid
The wagering group is the subject of two proposals. Its board has backed the Japanese entertainment giant’s buyout plans over one from its local rival.
The Australian at the heart of Saudi’s billion-dollar push to dominate global sport
Danny Townsend ran Sydney FC and then the A-League. Now he’s in the box seat to observe Saudi Arabia’s ambitions to dominate world sport. Will his gamble pay off?
US casinos group Bally’s Corporation joins Star Entertainment scramble
As the clock ticks on Star Entertainment’s future, a newcomer is taking a look at its casinos.
Bruce Mathieson made second secret bid for Star’s Gold Coast casino
The informal offer was made last month and included a significant amount of up-front cash to help the embattled company navigate its financial difficulties.
Saudi government buys stake in Foxtel’s new owner, DAZN
The terms of the deal were not disclosed, but it ultimately gives the Gulf kingdom an influential voice in the Australian broadcast market.
Stake.com to quit Britain after Bonnie Blue video controversy
The Melbourne-run, Caribbean-registered online casino giant is the main sponsor of English Premier League club Everton but will leave the country next month.
Second former Star executive settles in midst of ASIC lawsuit
Greg Hawkins was the company’s chief casino officer and the court heard he agreed to a deal with a junket operator despite suspicions about its criminal links.
The end of the bromance: how Bolton and Catalano came unstuck
In an audacious corporate raid, Nick Bolton and Antony Catalano made Magellan blink. Then they fought over the spoils.
LIV Golf is here to make purists shudder. They like it that way
LIV Golf has brought a party atmosphere to the manicured lawns of Adelaide’s Grange golf links and the tournament’s new global CEO says the sport’s great disruptor is just getting started.
Why the Star case has unnerved Australian boardrooms
“It’s a private company” is a big selling point for directors when headhunters call, and ASIC’s case against the embattled casino group is making many directors more nervous about public company boards.
Star suggested using yacht invoices to cover dodgy transactions: ASIC
The corporate regulator is alleging that concerns about Star’s practices were so widespread that banks and card providers had raised issues with executives.
Sam Kerr found not guilty of racist slur
The jury was unanimous, but the judge said the soccer star’s behaviour “contributed significantly to the bringing of this allegation”.
ASIC claims Star directors ‘merely ornaments’ in flood of warnings
Lawyers acting for the corporate regulator alleged former directors and executives repeatedly ignored signs of money laundering at the company’s casinos.
ASIC says Star’s former board was ‘blind to questions of probity’
The regulator is suing the casino operator’s former directors, alleging they did not take enough care when dealing with the risky world of high-rollers.
Star Entertainment mulls walking away from Brisbane casino ownership
Under one proposal to ease the casino group’s financial woes, two Hong Kong investors would assume control of the Queen’s Wharf complex and its debts.