Street Talk

Star Entertainment’s funeral has another billionaire guest

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 20, 2025 – 7.18pm

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First came billionaire publican Bruce Mathieson. Now it is mining magnate (and Donald Trump fan) Clive Palmer’s turn to kick tyres at Star Entertainment.

Sources told Street Talk Palmer has visited some of Star’s legacy Treasury assets in Queensland recently, accompanied by government representatives who would need to bless his bid. He’s believed to be weighing up the purchase of the old Treasury hotel and/or the car park. However, it is unclear if contracts have been exchanged.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.