The Star ASX: SGR results: Casino in trading halt, board unsure of survival > 자유게시판

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Star continues to face cost challenges that include the multimillion-dollar legal bills of its former board members who are now before the Federal Court facing civil action by the Australian Securities and Investments Commission (ASIC). The transaction structure and specific terms "remain unclear" said Far East, which will receive an $18 million break fee from Star if the deal fails. The agreement, first reported in The Australian Financial Review, is still subject to approval from Star’s regulators and lenders, according to Far East. "It has only very recently turned its attention to dealing with challenges that should have been prioritised earlier," NICC chief commissioner Philip Crawford said.
The second inquiry, dubbed Bell 2 when launched in February, was published on Friday and "validated the concerns that prompted the second inquiry" according to the NICC. The body said it is considering next steps for the future of the suspended casino operator. The financial crime watchdog says the court should disregard Circus Casino Live Horse Racing operator’s threat that it would collapse under the weight of a $400 million fine. The price of Bitcoin plummeted on Friday after the US government signalled it would not acquire additional cryptocurrencies for its strategic reserve beyond its current holdings. Overall, spending on both debit and personal credit cards rose by $207 million in the month and $3.1 billion compared to the same time one year ago. Canstar analysis of RBA figures shows credit card debt attracting interest charges has risen every January since 2015. The price of Bitcoin plummeted on Friday after US President Donald Trump's administration signalled it would not acquire additional cryptocurrencies for its strategic reserve beyond its current holdings.
The embattled casino operator has signed a $300 million rescue package with Bally’s Corporation to save the business from administration. The company’s largest shareholder has thrown his support behind the American top casino payouts Australia giant’s rescue bid despite Star’s lengthy discussions with another party. Last week, online poker hand ranges 2026 Star shareholders separately approved a $300 million rescue deal backed by US instant chat help online casino Helsinki giant Bally's and existing investor Bruce Mathieson. The Star Entertainment Group Limited is an Australia-based company that provides Best BTG gaming forums, entertainment and hospitality services.
He's also spent the past few months talking up a government strategic reserve that would hold bitcoin, ethereum as well as some other coins. "Market pricing now matches our forecast of two more rate cuts, taking the cash rate down to around 3.6 per cent by year-end," Mr Robertson said in an economic note released on Friday. And it knocks about investor confidence, which could see a more rocky sharemarket and a hit to your super savings. Costco Wholesale would consider making changes to its international supply chain if tariffs from US President Donald Trump lead to big price hikes, chief executive Ron Vachris said on a conference call. The Reserve Bank's credit card statistics showed credit card debt accruing interest rose by $172 million (up 1 per cent) in January. National credit card debt hit $18 billion in January 2025 — the highest level of debt accruing interest since August 2021. We will keep an eye out for any reports and report them for you over the coming weeks and months.
On Friday afternoon, Far East Consortium confirmed a deal had been struck, in a filing to the Hong Kong stock exchange. The only positive element to Wang stalking Star is that he is prepared to place money on a bet that Star will survive. It was enough to breathe some life back into the share price, which has moved up from 10¢ to 14¢ since Wang’s shareholding was disclosed. In a possible blow to these asset sale hopes, it has been reported that an Australian company that was lined up to buy the leasehold of the Treasury Hotel in Brisbane has pulled out in recent times.
Sign Up for Take StockInvestment news, stock ideas, and more, straight to your inbox. The Star is continuing to engage with the Joint Venture Partners and will provide an update if there are any material developments regarding the parties' respective interests in DBC and DGCC. However, Star and its JV partners were "unable to reach agreement on a number of outstanding commercial issues" relating to the deal. Revenues are down, with Star Entertainment reporting an unaudited $270 million in revenue for 4Q FY25, down 31% on 4Q FY24. "[It's] loaded with $650 million of its own debt, is still less than 50 per cent operational and requires hundreds of millions of dollars in additional capital expenditure to complete," Mr Mayne noted.
Findings and recommendations from the report have flowed on to have negative consequences to the Star Casino share price. Star has been grappling with a number of tension points since the release of the NSW Independent top live casino bonuses 2026 Commission (NICC)'s Bell Two Inquiry into the casino operator. "While discussions continue with respect to a range of different solutions, there is no certainty that any of these negotiations will result in one or more definitive arrangements that might materially increase the group's liquidity position.
Peter Gartlan, co-CEO of Financial Counselling Australia, added that everyone needs access to telecommunications services and said consumers aren't getting adequate protection. "We continue to hear from callers to our frontlines of egregious examples of telco mis-selling and harm due to poor sales practices and credit assessment requirements," she said. Overall goods spending fell 0.6 per cent in January, after rising for three months in a row. The government will not acquire additional assets for the stockpile beyond those obtained through forfeiture proceedings. "Any global forecasts need to consider upside and downside scenarios, including the indirect impact of trade tensions on our largest trade partner China. The total value of credit card transactions rose by $21 million in January compared to the previous month.