07/23/21 Star Entertainment withdraws offer for Crown Resorts Due to uncertainty surrounding the future of Crown Resorts’ casino licence in Melbourne, Star Entertainment Group has withdrawn its offer for the operator.
06/28/21 The Star Sydney closes until July 2 amid rise in Covid-19 cases Authorities have imposed a new lockdown due to a rise in Covid-19 cases. The Star Sydney casino venue will remain closed until at least July 2.
06/23/21 Star Entertainment and Crown Resorts discuss potential merger Star Entertainment and Crown Resorts’ CEOs met virtually to discuss options regarding a possible merger.
06/21/21 AUSTRAC to join forces with local banks over casino investigations AUSTRAC will partner with Australian banks to continue investigating all three casino operators due to potential financial crimes.
06/08/21 Australian casinos investigated over AML compliance AUSTRAC is investigating all three casino operators due to potential non-compliance with AML rules.
05/20/21 Star Gold Coast casino expansion to be finished by mid-2024 The Star Gold Coast casino in Australia will add a new tower housing 210 five-star hotel rooms.
05/13/21 Star’s bid for Crown reopens debate on gambling industry The possible merger of Crown Resorts and Star Entertainment could accelerate a change in the Australian gaming industry according to changes suggested by Patricia Bergin’s final report.
05/12/21 Public inquiry to determine Crown and Star merger suitability The Australian Competition and Consumer Commission (ACCC) will conduct a public review to analyse whether Crown Resorts and Star are allowed to merge.
05/10/21 Crown receives acquisition offer from The Star Entertainment Crown Resorts has received an AU$12bn (US$9.4bn) offer from Australian casino operator The Star Entertainment.
02/20/21 Star Entertainment still profitable despite Covid-19 impact The Australian casino operator reported a net profit of AUS$40.4m (US$31.6m) for the first half of the 2020/2021 financial year.
10/08/20 Star Entertainment obtains debt waivers The company also provided an update on subsides the Australian government has granted to pay salaries.
09/13/20 Star sues insurance provider for Covid-19 losses The company claims its policy covered “risks of business interruption” but the insurance provider has denied its claim.
04/29/20 New Brisbane casino to feature 2,500 slot machines Queen’s Wharf will open in 2022 and feature 800 more slot machines than the current Brisbane casino license holder, The Treasury.
04/17/20 Star Entertainment closure to cost US$140m Operator has executed additional debt funding from banks for A$200million (US$126million) to help survive the crisis.
04/01/20 Star Entertainment cancels dividend The company will not pay its usual year-end shareholder dividend due to Coronavirus.
