Colin Kruger

1 week ago | smh.com.au | Colin Kruger

, register or subscribe to save articles for later. Add articles to your saved list and come back to them any time. The Star Entertainment Group confirmed it was almost down to its last dollar when US casino group Bally’s injected $100 million as part of a rescue deal last week. But Star’s business remains under threat with revenue continuing to decline across all three of its properties in the March quarter as casino reforms blunted its competitiveness.

2 weeks ago | smh.com.au | Colin Kruger

, register or subscribe to save articles for later. Add articles to your saved list and come back to them any time. You don’t need to look far to see who gained from the market frenzy after US President Donald Trump delayed the most destructive aspects of his tariff regime this morning. We use the term “gained” very narrowly of course, given that, aside from the overnight market spike, global investors are still sporting multitrillion-dollar losses from Trump’s bludgeoning tariffs.

2 weeks ago | smh.com.au | Colin Kruger

, register or subscribe to save articles for later. Add articles to your saved list and come back to them any time. Back in the good old days of 2022, it was US financial giants like Blackstone that came to the rescue of embattled Crown casino investors, and James Packer, with a multibillion-dollar deal that proved to be astoundingly ill-judged. The latest deal to rescue The Star Entertainment Group looks pretty different.

2 weeks ago | theage.com.au | Colin Kruger |Supratim Adhikari |Shane Wright |William Davis

Key posts1 of 1Pinned post from 7.43amStar board signs rescue deal with US ‘vulture’By Colin Kruger and Supratim AdhikariThe board of Star Entertainment has secured a deal that will keep the casino operator’s doors open. In an update announced to the ASX last night, Star says it will hand the keys to US suitor Bally’s in return for a $300 million cash injection that might also include pokies billionaire Bruce Mathieson.

2 weeks ago | brisbanetimes.com.au | Colin Kruger |Supratim Adhikari |William Davis

By Colin Kruger and Supratim AdhikariThe board of Star Entertainment is backing a deal that will keep the casino operator’s doors open, but it will hand the keys to US suitor Bally’s in return for a $300 million cash injection that might also include pokies billionaire Bruce Mathieson. Under the terms, Bally’s will inject up to $300 million as proposed last month, but this will be reduced if Star’s majority shareholder, Mathieson, agrees to tip in $100 million, Star said in an ASX announcement.