Star Entertainment has settled a dispute over the sale of a luxury yacht, agreeing to sell the vessel to a wealthy Cypriot businessman who sued the embattled casino operator alleging that it tried to back out of the deal.
Platinum Capital Partners – the private investment vehicle of Roys Poyiadjis and his family – and Star put to bed their legal fight in late December 2024 after the casino operator agreed to sell the superyacht Star purchased in 2019 and refurbished for $4 million to Platinum. Similar Benetti superyachts can sell for as much as $20 million.
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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
