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Queensland premier suggests The Star could sell casinos

Queensland premier suggests The Star could sell casinos

David Crisafulli also suggested tax negotiations could be on the table.Australia.- Amid The Star Entertainment Group’s financial crisis, David Crisafulli, the premier of Queensland, has said he is open to discussing possible tax relief to prevent job losses and has suggested Star venues could be tak

27like·0comment01-24
Star Entertainment Risks Going Bust, Putting Thousands of Jobs on the Line

Star Entertainment Risks Going Bust, Putting Thousands of Jobs on the Line

Star Entertainment Risks Going Bust, Putting Thousands of Jobs on the LineStar Entertainment Group, a big name in Australia’s casino and hotel business, stands on the brink of going broke. With just $79 million in the bank and growing problems, including fewer customers and over $100 million in fine

31like·0comment01-14
JPMorgan acquires stake in struggling Australian casino operator Star Entertainment

JPMorgan acquires stake in struggling Australian casino operator Star Entertainment

U.S. banking giant JPMorgan Chase & Co has acquired a 5.47% voting stake in Star Entertainment, becoming a substantial shareholder in the cash-strapped Australian casino operator, according to an exchange filing on Thursday. Star Entertainment has seen its stock plunge by 50% this year alone, fo

0like·0comment2024-10-10
JPMorgan Acquires Stake in Australia’s Star Entertainment

JPMorgan Acquires Stake in Australia’s Star Entertainment

JPMorgan Acquires Stake in Australia’s Star EntertainmentJPMorgan Chase & Co. has bought a big chunk of Star Entertainment Group, an Australian casino company that is having money troubles.JPMorgan Buys 5.47% of Star Entertainment as Casino Operator Battles Regulatory ScrutinyA new report shows

0like·0comment2024-10-08
Star Completes Treasury Brisbane Casino Sale, Shares Rise 18%

Star Completes Treasury Brisbane Casino Sale, Shares Rise 18%

Star Completes Treasury Brisbane Casino Sale, Shares Rise 18%At the end of last week, we reported that Star Entertainment was forced to return to the negotiation table alongside creditors to deal with its reported AU$1.69 billion ($1.08 billion) annual loss and the overall shaky ground projected for

0like·0comment2024-09-30

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