Star Entertainment rejected an offer made by one of its biggest investors to buy its Gold Coast casino in return for a significant amount of up-front cash made just weeks ago, a deal that could have stabilised the business.
The offer was made by billionaire publican Bruce Mathieson and was the second in two months. The Australian Financial Review’s Street Talk column reported on Monday that Mathieson had also lobbed a proposal to acquire the Gold Coast casino late last year.