Star Entertainment Group Ltd
The Star Entertainment Group Limited is an Australia-based company that provides gaming, entertainment and hospitality services.
The business
The Star Entertainment Group Limited is an Australia-based company that provides gaming, entertainment and hospitality services. The Company operates The Star Sydney (Sydney) and The Star Gold Coast (Gold Coast). The Company’s segments include Sydney, Gold Coast, and The Star Brisbane. The Sydney segment consists of The Star Sydney's casino operations, including hotels, restaurants, bars and other entertainment facilities. The Gold Coast segment consists of The Star Gold Coast's casino operations, including hotels, theatres, restaurants, bars and other entertainment facilities. Star Brisbane, including casino operations, hotel, restaurants, bars and other entertainment facilities. The Company also manages the Gold Coast Convention and Exhibition Center on behalf of the Queensland Government. The Company owns Broadbeach Island on which The Star Gold Coast casino is located.
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Latest news
Star Entertainment fights for its life as cash runs short
It is particularly apt that as a casino company, Star Entertainment (ASX: SGR) now faces the equivalent of a red or black future on roulette. If it hits black, then the company will be saved and literally 9000 jobs with it. If it hits red, then the once storied company worth billions of dollars faces […]
ACCC blocks Qantas-Alliance tie-up, Star Group reveals low earnings and Irish national to lead flailing EML Payments
The Australian Competition and Consumer Commission (ACCC) has stonewalled Qantas Airways’ (ASX: QAN) proposed acquisition of private charter flight service company Alliance Aviation Services (ASX: AQZ). Qantas scooped up a 19.9% holding in Alliance in February 2019, and in May last year followed up with a bid acquire 100% of the airline for about $614 […]
Star hit with NSW tax hike, BHP and OZ extend exclusivity period and Newcrest Mining CEO retires
Beleaguered The Star Entertainment Group’s (ASX: SGR) shares have continued their downward spiral – plummeting at the start of this week after the New South Wales Government announced plans to raise an extra $364 million in taxes from casino operators over the next three years. The Star chief executive officer Robbie Cooke slammed the move, […]
Rio Tinto advances Turquoise Hill takeover, CSL to gain new boss and Telstra issues apology
Rio Tinto’s (ASX: RIO) share price fell at the start of the week, despite a positive update on its proposed takeover of Canadian miner Turquoise Hill Resources. The mining giant announced it received the required support from Turquoise Hill shareholders for its proposed acquisition of the remaining 49% the Canadian miner’s issued and outstanding common […]
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