Casinos
Opinion
James Packer
James Packer’s Crown exit gets better with age
The billionaire pocketed $3.3 billion selling his stake to Blackstone, and while his fortune has soared since the deal, the resort group is now worth peanuts.
- by Elizabeth Knight
Latest
More uncertainty for Star investors despite licence reprieve
Star’s let-off in Sydney last week doesn’t change one harsh fact: it is still running out of money and the next year remains a brutal one.
- by Colin Kruger
Embattled Star keeps Sydney casino licence, cops $15m fine
Star Casino has been hit with a $15 million fine by the casino regulator, with the licence suspension extended until March next year.
- by Max Maddison
Opinion
Opinion
Bargain basement: Could Star’s Sydney casino be worth only $8 million?
The Sydney casino is worth less than its chief executive Steve McCann’s first-year pay cheque of $10 million, based on the report authored by Barrenjoey’s Matt Ryan.
- by Elizabeth Knight
Updated
Earnings season
‘On its knees’: The Star to cut jobs, sell assets following $1.7 billion loss
The ailing casino operator finally delivered its full-year results on Thursday, after snagging a last-ditch $200 million loan from its banks.
- by Amelia McGuire and Matt Dennien
Opinion
Opinion
Star Entertainment begs and borrows its way to survival
It is now so dependent on regulators and lenders that Star’s fortunes are largely outside its control.
- by Elizabeth Knight
Star casino employee charged over alleged betting scam
Two men including a Star employee have been charged over a scheme to rig bets in games at the embattled casino.
- by Jessica McSweeney
Behind the rift between the Queen’s Wharf developer and the retail giant
Destination Brisbane Consortium and luxury retail giant DFS fell out over the condition of spaces to be leased, and work to prepare them for occupation.
- by Courtney Kruk
Billionaire high-roller who skipped town owing Star casino $43m ordered to repay debts
Singaporean gambling baron Yew Choy Wong signed a blank cheque. But when The Star casino staff tried to cash that cheque for $43m at a National Australia Bank branch on the Gold Coast, it bounced.
- by Courtney Kruk
Updated
The Star Entertainment Group
Hong Kong billionaires tried to become majority holders in The Star but backed off
Chow Tai Fook Enterprises approached the NSW casino regulator about taking a major stake in the casino, but pulled out after learning about probity checks.
- by Harriet Alexander, Amelia McGuire and Matt Dennien
The elusive family and the secrets behind The Star’s new casino owners
The family that took legal action to suppress a report into Star’s suitability to hold a casino licence has a long history of escaping scrutiny.
- by Harriet Alexander
Original URL: https://www.smh.com.au/topic/casinos-1mqb