Still no deal on Star’s rescue plan
Troubled Star Entertainment Group has signalled it’s no closer to finalising a $300m rescue plan and remains in lock down talks with lenders, governments and regulators.
Troubled Star Entertainment Group has signalled it’s no closer to finalising a $300m rescue plan and remains in lock down talks with lenders, governments and regulators.
Brisbane-based NOJA Power has won Queensland Exporter of the Year after building a billion-dollar business shipping electrical equipment to the world.
The troubled casino group has tapped another former executive from rival Crown Resorts as it attempts to rebuild amid a continuing crash crunch.
Star Entertainment’s auditor raised several red flags last year about the ability of the company’s debt-laden Queensland operation to continue as a going concern.
Star Entertainment has offloaded its Treasury casino building in Brisbane for $67.5m but faces a weekend of negotiations with financiers as it attempts to stave off a disastrous collapse.
Hotel giant Accor says Queensland, and Brisbane in particular, is leading the Australian travel recovery even amid financial difficulties experienced by airlines.
A week after it opened the doors to its partly-completed $3.6bn Queen’s Wharf project, casino operator Star is in a world of pain. How did it make such a wrong bet?
Brisbane restaurateur John Gambaro is preparing to open his flagship Black Hide steak eatery at the brand new Queen’s Wharf location. See what diners can expect.
Queensland Premier Steven Miles says his government will do all it can to avoid the “worst scenario” at Star Entertainment as the casino operator says it’s talking to advisers on liquidity issues.
Steven Miles says the $3.6bn Queen’s Wharf precinct is too important to Brisbane to fail, adding ‘we want to do everything that we can to avoid that’.
Original URL: https://www.couriermail.com.au/journalists/glen-norris/page/13