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Tuesday, 12 September 2017 09:01
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  • Comment Link PartyPokies Australia review
    PartyPokies Australia review Posted 27.12.2025 in 02:49
    Star, which operates casinos in Brisbane, the Gold Coast and Sydney, entered a trading halt before the Australian share market opened on Friday after failing
    to post its half-year financial results. Star's board remains unable to sign off on and lodge its half-year financial results due to the ongoing uncertainty and its shares remain suspended from
    trading on the ASX. The failure to secure the $750
    million deal has forced the company to try and shore up an alternative arrangement with US casino group Bally's.
    Star warns its future remains uncertain and its shares will not be able to return to trade
    until it is able to secure cash and lodge its financial accounts.
    Star investors who got excited on Monday by the left-field emergence of a mystery Macau buyer
    of the casino’s shares would be wise to curb their enthusiasm.

    Currently, Star and its Chinese venture partners pay a fee for Star to run the casino.
    The latest Chinese offer could involve CTF and FEC taking over almost
    $740 million in debt from Star and paying hundreds of millions to complete the Brisbane casino development.
    Day one of the corporate watchdog's case against Star Entertainment has begun in a Sydney court.
    But the then-Miles government found CTF was still suitable to hold
    a casino licence, arguing its lack of "candour and fulsomeness" with the regulator was due to "differences in cultural and organisational expectations".

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