Star Entertainment gets bid interest, says no substantive talks so far

Authorities in New South Wales and Queensland previously found that Star wasn’t suitable to hold its casino licenses. (Image: Bloomberg)

The Wall Street Journal

Tue, 21 May 2024

By David Winning SYDNEY – Australia’s The Star Entertainment Group said it has received approaches about potential deals, including one from a consortium that includes a local partner of Hard Rock Hotels and Casinos.The bid interest comes as Star, which had a market value of A$1.29 billion (NZ$1.4b) at the end of last week, battles to repair its reputation amid heightened scrutiny from regulators.Star said it had not received a proposal directly from Hard Rock, but there was an interest from a consortium of investors that inclu...

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