Yesterday
How much is Star’s Sydney casino worth? Just $8m, says Barrenjoey
The broker has warned clients that the company will post years of losses as it struggles with falling revenues and big costs involved in developing its hotels.
- Zoe Samios
September
The two months that almost unravelled Star’s casino empire
Steve McCann knew his new job at the struggling gaming giant would be tough. Nothing prepared him for the first two months.
- Zoe Samios and Anthony Macdonald
- Opinion
- Chanticleer
Star needs new friends to stop the bleeding
Where will Star Entertainment’s shares trade? Surely, it’s going to be ugly on Friday morning.
- Anthony Macdonald
Star’s Steve McCann is not the CEO – he’s just ‘observing’
McCann is chief executive subject to regulatory approvals, which he does not yet have.
- Myriam Robin
‘On its knees’: Star slashes $1b off its casinos, slumps to huge loss
The gaming company has released its financial accounts almost a month after its shares were suspended.
- Zoe Samios, Anthony Macdonald and James Hall
Queensland threatens Star over its big tax bill bid
Premier Steven Miles threatened to walk away from discussions with the casino operator due to executives refusing to give up bonuses.
- James Hall
- Updated
- Gaming & wagering
Star Entertainment set to sign financial accounts as bailout finalised
The company – which operates casinos in Sydney, Brisbane, and the Gold Coast – has been in turmoil after it failed to lodge its accounts with the ASX.
- Updated
- Zoe Samios and Anthony Macdonald
Star’s Queen’s Wharf comes to life – unless you want to shop or eat
It’s been dubbed a “multistaged opening” or, in other words, a work in progress. But the sight of hi-vis and faint smell of sawdust haven’t deterred visitors.
- Tess Bennett
Tabcorp’s youth bookmaker has its own viral star
An Instagram influencer spends thousands of dollars placing short-priced bets. But who’s funding him?
- Mark Di Stefano
Queensland government set to hand Star Entertainment a tax lifeline
Street Talk understands the state government has agreed to morph Star’s looming tax bill into a Treasury loan.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Aristocrat wins dragon game injunction against Caledonia-backed rival
The ruling prevents Light & Wonder from selling, leasing, or making money from its game Dragon Train in the US.
- Zoe Samios
Tabcorp chairman Bruce Akhurst quits before he is pushed
Investors have been concerned about the wagering giant’s performance, with its shares down 50 per cent since the start of the year.
- Updated
- Zoe Samios
- Updated
- Gaming & wagering
Online casino mogul gets into lotteries as profits surge
Revenues at Virtual Gaming Worlds, which pioneered the use of a loophole to offer casino-like games with cash prizes in the US, has soared above $6 billion, accounts show.
- Updated
- Primrose Riordan
- Exclusive
- Casinos
Blackstone’s Crown Resorts mulls sale of luxury Melbourne golf course
The 18-hole Capital is one of the country’s most private and catered exclusively for the casino group’s high rollers. Now wealthy businessmen want to revive it.
- Zoe Samios
- Exclusive
- Gaming & wagering
Star Entertainment lands $100m instant cash injection in bailout deal
The casino’s lenders are now seeking approvals for a new two-tranche loan that would give new chief executive Steve McCann a chance to turn around the business.
- Anthony Macdonald and Zoe Samios
Knives out for Tabcorp chairman as McLachlan gets to work
Gillon McLachlan’s ideal running mate, most suggest, would be Brett Chenoweth, who joined the Tabcorp board in late 2022.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Sportsbet loss promoter’s immortal one line
When did it become footy culture to have a losing three-leg multi rammed down your throat on a Friday night?
- Mark Di Stefano
Not even Star’s collapse could halt CEO’s bonuses
Whoever tips in money to solve Star’s cash crunch has a real chance of losing it. But not Steve McCann.
- Myriam Robin
- Exclusive
- Casinos
Star’s lenders offer $150m lifeline as casino fights for survival
The gaming group, which operates in Sydney, Brisbane and the Gold Coast, has been in turmoil since its shares were suspended from trade earlier this month.
- Zoe Samios and Anthony Macdonald
Blackstone is burning through Crown Casino
The global real estate giant has lost another top-ranking casino executive, to go with the two others who left last month.
- Mark Di Stefano