Star Entertainment Secures Last-Minute Deal to Avoid Financial Collapse
2025-03-07
Sydney Morning Herald
In a dramatic turn of events, Star Entertainment has narrowly escaped financial collapse by signing a deal to offload its stake in Brisbane's prestigious Queen's Wharf casino to its two equity partners, along with other significant assets. This move is expected to provide a much-needed lifeline for the company, allowing it to restructure and refocus its operations. The sale is seen as a strategic move to mitigate financial risk and ensure the long-term viability of the business, with the Australian gaming industry and casino sector watching closely. Key terms of the deal are yet to be disclosed.