Star Entertainment’s flagship Sydney operation could be worth just $8 million, according to an analysis by Barrenjoey Capital Partners, the investment bank once engaged by the troubled casino group to sell the complex.
In a note to his clients, Barrenjoey broker Matt Ryan said the company’s hotel business alone – it has properties in Sydney, Brisbane and Gold Coast – could be worth more than $1 billion. That was without other assets including convention centres, entertainment venues and restaurants.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
