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Bally’s Corporation has 19 casinos across the United States and has set its sights on Australia’s Star.

Star may still be breathing but its rescue just got complicated

With a deal in hand to keep the lights on a bit longer, Star Entertainment now has a new bid from an opportunistic raider, adding a twist in the tale for management and Star lenders.

  • Elizabeth Knight

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Star faces a fine in the hundreds of millions of dollars for contraventions of Australia’s money laundering laws.

Opportunity knocks for US hedge-fund backed casino group eyeing Star

Ailing casino operator Star’s latest suitor Bally’s has a chairman with a track record of targeting casino businesses in strife.

  • Clancy Yeates
The sale of Star’s Brisbane casino will ensure it has enough cash to survive for a few more weeks.

Star casino deal buys time but its future is still in doubt

The casino operator’s shares will remain suspended this week and the board has gained a few weeks to assure themselves that the company is a going concern.

  • Colin Kruger
Former Star CEO Matt Bekier leaves the Federal Court.

Former Star boss grilled as casino operator mulls lifeline

Former Star Entertainment chief executive Matt Bekier has rejected claims he may have breached his duties by relying on other executives to alert him to any probity issues relating to junket operators.

  • Colin Kruger
Matt Bekier

Star’s survival circus moves from unusual to absurd

As Star’s former boss gets grilled in the Federal Court, the casino operator is chasing an 11th-hour reprieve from financial collapse.

  • Elizabeth Knight
The Australian Securities and Investments Commission alleges former CEO Matt Bekier breached his duties under article 180 of the Corporations Act.

Former Star casino boss accused of giving false evidence

The ailing casino operator’s ex-chief executive Matt Bekier said he had asked to see a damning report into Star’s Chinese gambling partner, Suncity, in 2019 but did not receive it until years later.

  • Colin Kruger
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The Star casino in Sydney.

ASX suspends Star over accounts failure with administration on the cards

The casino operator’s shares may never trade again after the share market operator suspended trading of the Star, which could not file its financial accounts.

  • Colin Kruger and Supratim Adhikari

Star scrambles for last-ditch deal with board unsure of its survival

Star confirmed on Friday that its board is in a desperate attempt to secure funding for the casino operator that could stave off financial collapse.

  • Colin Kruger
Star still faces a fine in the hundreds of millions of dollars for contraventions of Australia’s money-laundering laws.

Star is seconds from oblivion and its luck may have run out

The casino operator is still clinging onto hope of a last-minute reprieve, but the Doomsday Clock is almost at midnight for the company.

  • Elizabeth Knight
Star Entertainment has attempted to sell off its assets to stave off collapse.

Why one of Australia’s biggest casino operators doesn’t deserve to be saved

While we play the waiting game, maybe it’s time to consider putting Star Entertainment out of its misery.

  • Elizabeth Knight

Original URL: https://www.smh.com.au/topic/casinos-1mqb