The Wall Street Journal

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

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
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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