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  just casino sign in Posted 27.12.2025 in 10:25

  "If they can't arrive at a deal on a funding facility, they will likely go into voluntary administration in an effort to restructure their capital structure. Experts say the distressed company is likely to enter voluntary administration as its attempts to secure a financial lifeline go down to the wire. Last month, the operator secured a deal with Hong Kong investors to sell its stake in its Brisbane casino at Queen's Wharf, while taking full ownership of a Gold Coast casino precinct. It's another significant setback for the casino giant, which has faced financial distress and regulatory scrutiny during the past two years. Star Entertainment has failed to secure a crucial financial lifeline, as a refinancing deal with Salter Brothers Capital is withdrawn.
  Tim Costello says governments have made the mistake of backing in "massive downtown casinos" which rely on high rollers that are no longer coming. Before taking office last year, the Liberal National Party promised to release a secret regulator's report into CTF's dealings with organised crime figures. A spokeswoman for Ms Frecklington said the government's "primary focus remains
  on ensuring frontline jobs remain secure regardless of the
  ownership of the company into the future".
  Embattled casino operator Star Entertainment confirmed its partners in the Queen's Wharf facility — Chow Tai Fook Enterprises (CTF) and Far East Consortium (FEC) — have offered to buy out its share. Shares in struggling casino giant Star Entertainment have plummeted on Friday after a brief trading halt was lifted, as the company searches for a financial lifeline to avoid collapsing. A Tax Calculator is provided below to assist shareholders in calculating the Australian capital gains tax cost base allocation for Tabcorp shares and The Star Entertainment Group shares. On 5 April 2016, eligible shareholders were sent a letter together with a Share Retention Form (for the Small Holding Sale Facility) or a Sale Instruction Form (for the Voluntary Share Sale Facility), and Terms and Conditions for the relevant share sale facility.