Star Entertainment’s move to offload a luxury yacht once used for high-rollers has become embroiled in a legal dispute, with a wealthy Cypriot businessman suing the embattled casino group for allegedly reneging on a sale agreement.
Platinum Capital Partners – the private investment vehicle of Roys Poyiadjis and his family – allege that the ASX-listed gaming group agreed in February to sell to it The Star, a 145-foot Benetti superyacht for $8.6 million. But after receiving a deposit and other fees, Star reneged on the deal and has refused to transfer the yacht, Platinum alleges.
Loading...
Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
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
