This Month
Former Tabcorp chief alleges boardroom full of sexist, sexual remarks
Adam Rytenskild claims the bookmaking giant hypocritically sacked him for a crude remark about a regulator, a comment he denies he said.
Star CEO’s $10m loan fee farce
The distressed Star Entertainment will pay up to $10 million to a US hedge fund for a debt facility that was never used, or signed-off on.
Star as we know it will be over, top execs cleaned out: Bally’s
Star Entertainment’s new controlling shareholder says there is still money to be made in gambling but the company had been badly managed for years.
Laurence Escalante gets real deep on Instagram bender
From Below Deck to righteously correcting injustice to philosophy, the Rich Lister’s recent social media rant covered it all.
Star Entertainment to sign $300m deal with US casino giant Bally’s
The terms are expected to be finalised following a weekend of negotiations.
Desperate Star Entertainment asks Bally’s to fatten up a bail-out
Term sheets are flying as Star and its bankers try to secure a final lifeline for the casino operator.
PointsBet at odds with rival bookie BlueBet over takeover funding
The company is trying to sell its business to Japanese entertainment giant Mixi, but that has been complicated by a competing bid from BlueBet.
Star turns to US casino giant Bally’s as $750 million lifeline fails
Star was trying to reach a deal with its potential funder until late on Tuesday, but had failed to agree to terms including how to meet its near-term costs.
The stand-off that blew up Star’s super-sized debt deal
Nearly a month of exclusive negotiations to save the casino giant have failed – and now it is over to Plan B. The clock is ticking louder than ever.
Bookmaker behind Ladbrokes turned blind eye to drug money laundering
Over 640 pages, Austrac accuses the UK bookmaking giant of failing to catch “large amounts of money being regularly moved”.
March
Inside the awkward release of the Star casino probity report
The Queensland LNP government released a sensitive report into Star’s Brisbane casino business partner. The findings could have a significant impact on a sale.
Star’s Hong Kong saviour hid relationship with criminal junket king
A long-secret report finally released by the Queensland government recommended the state consider “divestment or appropriate quarantine” of assets.
Star’s Steve McCann goes all in on Salter Brothers
There is no more time for Plan B or Plan C. Salter Brothers has to work.
Star Entertainment extends Salter Brothers $750m deal deadline
Star Entertainment needs to lock in a multimillion-dollar funding package before the start of April or faces the prospect of voluntary administration.
Billionaire Mathieson backs Bally’s bid for Star with $50m sweetener
The company’s largest shareholder has thrown his support behind the American casino giant’s rescue bid despite Star’s lengthy discussions with another party.
Austrac accuses Entain of allowing suspected criminals to launder cash
The British bookmaker behind Ladbrokes and Neds allegedly allowed more than a dozen high-risk customers to funnel money through its accounts despite the risks.
Aristocrat takes gaming groups to UK court over Buffalo brand
The ASX-listed giant is hauling a group of offshore gaming companies into a UK courtroom, alleging that they have ripped off one of its most popular slot games.
Star’s top lawyer concedes casino should have cut junket operator
Star’s former top lawyer was extensively questioned over the troubled casino operator’s relationship with an Asian gambling junket operator.
This $15b Nasdaq group wants to shift its primary listing to the ASX
If a business has size and growth, management has a vision, and everyone executes as promised, the local market can still provide a red carpet treatment.
Inside Steve McCann’s final attempt to catch a falling Star
Star chief executive Steve McCann’s rescue plan for the casino group could be remembered as one of the trickier pieces of dealmaking in Australia this decade.
‘Unfairly vilified’: History rewritten for Tom Waterhouse
Sportsbet’s Barni Evans finds no place for personal blame as anger rises about gambling advertising.
Queensland prepares to publish damning report on Star’s HK partner
The state government says it has not received any formal notice from Star about plans to offload the Queen’s Wharf casino to its two main Hong Kong investors.
Mystery shopper behind Bally’s’ Star interest reveals himself
Stockbroker Angus Aitken told clients he was the sherpa for Bally’s Soo Kim on his recent visit to Sydney.
Crown and Star’s next big problem? Pubs and clubs
Just like stricken casino group Star, Crown Resorts says it is battling an uneven regulatory playing field with pubs and clubs. It’s gently pushing back.
Star negotiates with Salter Brothers for long-term $750m refinancing
The funds management giant has already engaged regulators and state governments about probity and is offering to refinance the casino’s long-term debt.