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Bally\'s Corporation emerged as a possible bidder for the company in February of 2025. Chris Wallin was also planning to give Star Entertainment the $200 million loan which would have been intended to help keep the company solvent for the time being. In order to attempt to keep Star afloat, the company attempted to sell its stake in The Star Brisbane. It is also specualated Blackstone will only intervene if the company collapses. The group has particular interest in the company\'s gambling machine assets. On 10 February 2025 Star announced it knocked back \'several\' inquiries from prospective foreign investors for Queen\'s Warf, citing that they undervalued the asset, but is in talks with CTFE and FEC on whether to relinquish its stake in Queen\'s Warf.
The share price bumped up to $0.13 on 13 January after mystery speculators bought up shares of the company, amid an otherwise dismal day on the stock market after inflationary revelations. The Queensland Government has said that it is in talks to support the South East Queensland workers should something happen, but has ruled out intervening on the actual company. There are also fears that its portfolio will be divested or shuttered, with the Queen\'s Wharf, Brisbane precinct opening just the previous August, as well as that the company collapsing will wipe out investors or workers. The share price saw a catastrophic 40% sell-off between 8 and 11 January 2025, becoming the worst performing business on the ASX, only selling for over a dime.
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Our valued asset protection team ensures the safety of our team and guests. The Star Entertainment Group is an ASX-listed company and one of Australia’s leading integrated resort companies owning and operating The Star Sydney, The Star Gold Coast and The Star Brisbane. Based on a share price of $5.68, being the closing price of The Star Entertainment Group (SGR) shares on the Australian Securities Exchange on the Record Date, an Unmarketable Parcel was any holding of 88 shares or less. The Star Entertainment Group announced on 5 April 2016 share sale facilities that provided eligible small shareholders the opportunity to sell their shares without incurring any brokerage or handling costs.
On 7 April 2025, Star Entertainment and Bally’s reached an agreement where Bally\'s will acquire a controlling 56.7% stake in the company, effectively rescuing Star Entertainment from collapse. By April of 2025, Star was looking to Ballys to rescue the company. Ballys was offering $250 million for a 50.1% stake in the company.
Hard Rock International was said to be weighing a bid for the struggling company, but they subsequently stated that they were not looking into acquiring Star Entertainment. On 10 February 2025, ASIC is proceeding to sue the former board of the company in the High Court of Australia for failing to keep track of money laundering. Foster\'s departure came after he told the official inquiry his company was currently unsuitable to operate a casino in New South Wales. In April 2024, the chair for The Star Star Entertainment Group Limited David Foster resigned from his post less than a week after giving evidence to the ongoing inquiry into the license suitability of the company\'s The Star Sydney property.
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.

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