The Star Entertainment Group LinkedIn

Manage logistics, optimise inventory, and oversee timely deliveries to ensure smooth operations across our properties. Become a team member to be part of our exciting hospitality journey as we build Brisbane’s premier hotel portfolio. Join our high-tech surveillance team who safeguards compliance, mitigates risk, and ensures safety for everyone.
Hard Rock International was said to be weighing a bid for the struggling company, but they subsequently stated that they were not looking into acquiring Star Entertainment. On 10 February 2025, ASIC is proceeding to sue the former board of the company in the High Court of Australia for failing to keep track of money laundering. Foster’s departure came after he told the official inquiry his company was currently unsuitable to operate a casino in New South Wales. no wager roulette in brisbane April 2024, the chair for The Star Star Entertainment Group Limited David Foster resigned from his post less than a week after giving evidence to the ongoing inquiry into the license suitability of the company’s The Star Sydney property.
Bally’s Corporation emerged as a possible bidder for the company in February of 2025. Chris Wallin was also planning to give Star Entertainment the $200 million loan which would have been intended to help keep the company solvent for the time being. In order to attempt to keep Star afloat, the company attempted to sell its stake in The Star Brisbane. It is also specualated Blackstone will only intervene if the company collapses. The group has particular interest in the company’s gambling machine assets. On 10 February 2025 Star announced it knocked back ‘several’ inquiries from prospective foreign investors for Queen’s Warf, citing that they undervalued the asset, but is in talks with CTFE and FEC on whether to relinquish its stake in Queen’s Warf.
Last month, the company said it is exploring various options to increase its liquidity, including the sale of its stake in the Brisbane integrated casino resort complex, as it has limited capacity to raise A$150 million in subordinated debt. With the company asking for financial support from the states, the states have reiterated their hesitancy to contribute, with NSW premier Chris Minns saying they are not using their taxpayer money on casinos rather than roads, EDs and schools. If it cannot get the funds, it will be forced into administration. Later that month Oaktree Capital Management offered a $650 million loan to help refinance the company’s debt.
Following the report shareholders began forming a class action lawsuit against Star and inquiries were launched by Queensland’s, Western Australia’s, Victoria’s, and New South Wales’s state gaming regulators. In response to the report Star stated that it was “concerned by a number of assertions within the media reports that it considers misleading.” And also stated that it would take steps to address the allegations with Australian authorities. The Queensland Government announced on 20 July 2015 that Echo Entertainment as 50% joint venture partner of the Destination Brisbane Consortium was the preferred tenderer for Queen’s Wharf, Brisbane, beating rival Crown Resorts. The company re-deployed corporate staff to offices at its casino sites in Sydney, Gold Coast, and Brisbane. On 7 April 2025, Star Entertainment Group and Bally’s Corporation reached an agreement where Bally’s would acquire a 56.7% controlling stake in the company. Following a money laundering scandal and 3 years of massive losses, it was seeing massive slumps in it share price with fears that it will go into voluntary administration and/or be forced to close or sell off its assets.
The Trans and gender-diverse communities are starting to feel vulnerable, so let’s continue to work on making The Star a safe and inclusive place for everyone, esp., for trans and gender-diverse team members. As a business, The Star is ahead of many in our industry in terms of diversity and inclusion, but there’s still a lot to do. Without the dedication of the Proud team, we would never have been able to achieve what we had. It was an absolute joy to see the collaboration from all the stakeholders and how their team welcomed them with open arms. Secondly, I was invited to help reintroduce a team member who was affirming their gender to their department. I have been part of the company for over 21 years, serving in various capacities. The following year, regulators ruled that the company was unsuitable to operate its casinos in Sydney and Queensland, placing them under government supervision.
On 7 April 2025, Star Entertainment and Bally’s reached an agreement where Bally’s will acquire a controlling 56.7% stake in the company, effectively rescuing Star Entertainment from collapse. By April of 2025, Star was looking to Ballys to rescue the company. Ballys was offering $250 million for a 50.1% stake in the company.
Our valued asset protection team ensures the safety of our team and guests. The Star Entertainment Group is an ASX-listed company and one of Australia’s leading integrated resort companies owning and operating The Star Sydney, The Star Gold Coast and The Star Brisbane. Based on a share price of $5.68, being the closing price of The Star Entertainment Group (SGR) shares on the Australian Securities Exchange on the Record Date, an Unmarketable Parcel was any holding of 88 shares or less. The Star Entertainment Group announced on 5 April 2016 share sale facilities that provided eligible small shareholders the opportunity to sell their shares without incurring any brokerage or handling costs.
The share price bumped up to $0.13 on 13 January after mystery speculators bought up shares of the company, amid an otherwise dismal day on the stock market after inflationary revelations. The Queensland Government has said that it is in talks to support the South East Queensland workers should something happen, but has ruled out intervening on the actual company. There are also fears that its portfolio will be divested or shuttered, with the Queen’s Wharf, Brisbane precinct opening just the previous August, as well as that the company collapsing will wipe out investors or workers. The share price saw a catastrophic 40% sell-off between 8 and 11 January 2025, becoming the worst performing business on the ASX, only selling for over a dime.