The $180 million deal will allow Star to keep all three of their properties and will allow Bally's to expand outside of the US for the first time in the company’s history. The company has deposited $150 million for the fine, and it is reported that shareholder Bruce Mathieson is refusing to pour more money into the company until a fine is agreed upon. On 3 March 2025, ASX suspended the company from trading for contravening listing rules by not lodging its half-yearly report, making the second trading halt in a week, as the company tried to find or complete a refinancing deal to ensure it could continue as a going concern. With a vision to be the entertainment destination of choice, The Star is proud to employ around 8,000 team members across its three properties committed to supporting the communities in which we operate. 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. Chow Tai Fook—the private investment company of the Cheng family—is participating in the Star deal even as patriarch Henry Cheng is grappling with unprecedented losses and burgeoning debts at their flagship company, New World Development. The Star Entertainment Group Limited is an Australian gambling and entertainment company. For the unrelated former Canadian online gambling company, see The Stars Group. Analysts have noted that the cash burn has been as much as $100 million over three months. As Star has been pouring money into new developments, it has also been battling regulation that is lowering the amount that gamblers can punt in some markets, and bans on taking physical cash. ASIC also prompted Star to set aside $150 million in cash, in case it has to pay fines over separate action taken against it by the federal money laundering regulator, AUSTRAC. On 7 March the company agreed to sell its stake in Queen’s Wharf for only $53m in installments, but the deal collapsed. Blackstone already is in the global casino business and owns Australian rival Crown Resorts so it may not go through on anti-competition concerns, though reports speculate authorities' stance may be soften in this special case. Later in February, it was reported that Blackstone Group was mulling an acquisition of Star Entertainment Group. On 29 January 2025, as part of possible sales of non-core assets of the company, the company announced it would sell The Star Sydney Event Centre and unspecified spaces within the complex to Foundation Theatres in order to raise $60 million. In May 2024, it was reported that multiple suitors were looking to acquire Star Entertainment and their assets. There has been speculation that they could be acquired by a larger company or they could go into administration. In addition to these issues with their properties in Queensland, in New South Wales, The Star, Sydney has been under government supervision. The company has been served a statement of claim for a securities class action in the Supreme Court of Victoria. On 13 September 2022 the NSW Independent ragemeth casino Commission (NICC) published a report finding The Star unsuitable to hold its Sydney casino license because of its conduct relating to money laundering risks. Following the report shareholders began forming a class action lawsuit against Star and inquiries were launched by Queensland's, Western Australia's, Victoria's, and New South Wales's state gaming regulators. In response to the report Star stated that it was "concerned by a number of assertions within the media reports that it considers misleading." And also stated that it would take steps to address the allegations with Australian authorities. The Queensland Government announced on 20 July 2015 that Echo Entertainment as 50% joint venture partner of the Destination Brisbane Consortium was the preferred tenderer for Queen's Wharf, Brisbane, beating rival Crown Resorts. The company re-deployed corporate staff to offices at its casino sites in Sydney, Gold Coast, and Brisbane. On 7 April 2025, Star Entertainment Group and Bally's Corporation reached an agreement where Bally's would acquire a 56.7% controlling stake in the company. Following a money laundering scandal and 3 years of massive losses, it was seeing massive slumps in it share price with fears that it will go into voluntary administration and/or be forced to close or sell off its assets. This is the second time the beleaguered company's stock has been in a halt in a month. The company's long-discussed woes have been putting the jobs of 9,000 people at risk, prompting state governments to step in. Star shares have been suspended from trade on the Australian Securities Exchange since Monday, after the company failed to submit its half-year accounts. Under the deal, in return for Star Entertainment's 50 per cent stake in the Queen's Wharf precinct, it will acquire the Hong Kong parties' two-thirds stake in the Gold Coast project. Far East Consortium confirmed a deal had been struck, in a filing to the Hong Kong stock exchange on Friday afternoon (Sydney time). In January 2026, Star announced it would be closing its Brisbane CBD corporate office as part of a cost-cutting initiative. Our PVP shows that we are serious about embedding D&I into our business. The Star Entertainment Group is a diverse company, requiring a large range of goods and services sourced from many suppliers. We maintain robust corporate governance policies across all of our business. Our Executive Team is responsible for overseeing the day-to-day operations of each of the Group’s properties, management decisions, and the direction of our brands. The Star Entertainment Group’s Board, chaired by Soo Kim, determine the strategic direction of the business and is comprised of experienced board members with a diverse range skillsets, backgrounds and credentials. Across our three properties, we welcome millions of guests each year and deliver unique and memorable experiences. Star will immediately receive A$35 million, injecting much needed cash to the embattled company, which counts Australian billionaire Bruce Mathieson among its shareholders. The company was at risk of entering administration in early March before securing a $200 million loan. On Monday 3 March, the company was placed into a compulsory second trading halt by the ASX after not posting its half-yearly earnings in the end, putting such deals in jeopardy as a result and thousands of jobs at risk as a collapse is potentially imminent. The company would need an immediate cash injection in order to remain solvent. The company has been unable to secure enough cash to offset it’s liquidity crisis. It had been reported that they sent representatives to meet with Star officials in Australia.