Tag Archives: The Star Entertainment Group
- High rollers are finally coming back to Crown, Star
October 12, 2017
High rollers are pulling the James Packer-backed Crown Resorts Ltd. and rival casino operator The Star Entertainment Group out of the doldrums as they return to Australia to gamble. Crown Resorts had felt the pinch of the VIP exodus after 19 of its employees, including head of VIP operations Jason...
- Star Entertainment S209M full-year profit leaves analysts’ jaws dropping
August 23, 2017
Australian-listed casino operator The Star Entertainment Group posted a surprising AUD264.4 million net profit for the fiscal year, beating analysts’ forecasts. The full-year profit of The Star, which rose 36 percent from AUD194.4 million (US$153.55 million) a year ago, came as a surprise to many analysts especially since the turnover...
- Loose casino regulations could spare The Star, Crown casinos from future license probe
August 18, 2017
Crown Resorts and The Star Entertainment Group may be spared further scrutiny in New South Wales (NSW) in the future should the government decide to abolish a mandatory five-yearly investigation of casino licenses. The Sydney Morning Herald reported that the NSW government is mulling changes to its present regulations to...
- James Packer-backed investment firm bets big on casino rival The Star
July 17, 2017
Casino mogul James Packer has successfully wormed his way back into Australian casino operator The Star Entertainment Group, signaling the end of a four-year-old rivalry. In a regulatory filing to the Australian Stock Exchange, The Star announced that investment company Ellerston Capital has increased its stake in the company to...
- Genting sells out of The Star; is Crown buying in?
July 14, 2017
Malaysian casino operator Genting has sold its stake in Australian casino operator The Star Entertainment Group, as rumors swirl that The Star is prepping some kind of union with local rival Crown Resorts. On Thursday, the Australian Financial Review reported that Genting had sold its 5.62% stake in The Star,...
- Australian casino high roller’s moldy millions spark police probe
May 23, 2017
A VIP gambler’s moldy millions are raising eyebrows in a case of suspected money laundering at an Australian casino. Last week, the Brisbane Supreme Court agreed to release a South Korean gambler on $200k bail after the court received a character reference from an officer in the South Korean military....
CrownBet launches new TV ad, but won’t mention betting
September 26, 2016