Sydney, Australia – February 25, 2025 – Despite its financial struggles and regulatory setbacks, Star Entertainment Group is now the center of a competitive acquisition race. Bally’s Corporation has emerged as a potential buyer, with reports confirming that company executives, including Chairman Soo Kim, recently toured Star’s properties in Sydney, Brisbane, and the Gold Coast.
Star’s stock has been volatile, trading at $0.135 AUD, reflecting the uncertainty surrounding its future. The company has faced billions in fines and ongoing investigations, yet its assets remain attractive to investors looking to expand in the lucrative Australian gaming market.
The Star Entertainment in Talks to Sell Brisbane Stake Amid Financial Struggles
Bally’s, which operates 19 casinos across 11 U.S. states, is considering its first international acquisition despite facing its own financial strains with projects in Chicago, Las Vegas, and New York. Industry analysts have raised doubts about whether the company can take on another distressed asset given its existing commitments.
Star Entertainment Group’s Survival in Question Amid Asset Sales and Mounting Penalties, bets open.
Beyond Bally’s, Blackstone Group and Oaktree Capital are also rumored to be interested in acquiring Star, with Blackstone facing regulatory hurdles due to its ownership of Crown Resorts. Meanwhile, Star has rejected a AU$650 million refinancing proposal from Oaktree, citing insufficient value.
The race for Star Entertainment is intensifying, but whether any of these suitors can navigate the regulatory and financial challenges remains uncertain.
