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Add SGR ASX: Star Entertainment gives Salter Brothers deal deadline

Alycia Galvez 2025-11-19 07:30:36 +00:00
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SGR-ASX%3A-Star-Entertainment-gives-Salter-Brothers-deal-deadline.md Normal file

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<br>"To me, it has been a disaster dealing with the management of Star and I think ... there is no doubt the board should be blamed for how bad it is," he told ABC Radio Brisbane. Star was reported to be considering a $650 million debt refinancing offer from Oaktree Capital Management last week. It's been facing serious operational challenges, burning through $107 million in three months and reporting an available cash balance of $79 million to the ASX in January. A Queensland inquiry found The Star actively encouraged people banned from gaming in Victoria and [Blackcoin](https://blackcoin.co/players-club-vip-casino/) NSW to gamble at its casinos in the Sunshine State. A 2022 NSW inquiry found damning evidence of money laundering and counter-terrorism failings at the groups’ Sydney casino while a 2024 probe found more breaches. "Any deal that promises to keep venues in Brisbane, the Gold Coast and Sydney operating as a going concern is a good result for the Star workers, their families and the communities they live in," the union’s casino director Andrew Jones said. "We have called out the significant, short-term liquidity issues and financial pressures that we facing, and we will continue to do so.
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