Heute
- Exclusive
- Gaming & wagering
Laurence Escalante’s gaming empire gets into lotto as profits surge
Revenues at the company, which pioneered the use of a loophole to offer casino-like games with cash prizes in the US, has soared above $6 billion, accounts show.
- Primrose Riordan
Yesterday
- Exclusive
- Casinos
Blackstone’s Crown Resorts mulls sale of luxury Melbourne golf course
The 18-hole Capital is one of the country’s most private and catered exclusively for the casino group’s high rollers. Now wealthy businessmen want to revive it.
- Zoe Samios
This Month
- Exclusive
- Gaming & wagering
Star Entertainment lands $100m instant cash injection in bailout deal
The casino’s lenders are now seeking approvals for a new two-tranche loan that would give new chief executive Steve McCann a chance to turn around the business.
- Anthony Macdonald and Zoe Samios
Knives out for Tabcorp chairman as McLachlan gets to work
Gillon McLachlan’s ideal running mate, most suggest, would be Brett Chenoweth, who joined the Tabcorp board in late 2022.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Sportsbet loss promoter’s immortal one line
When did it become footy culture to have a losing three-leg multi rammed down your throat on a Friday night?
- Mark Di Stefano
Not even Star’s collapse could halt CEO’s bonuses
Whoever tips in money to solve Star’s cash crunch has a real chance of losing it. But not Steve McCann.
- Myriam Robin
- Exclusive
- Casinos
Star’s lenders offer $150m lifeline as casino fights for survival
The gaming group, which operates in Sydney, Brisbane and the Gold Coast, has been in turmoil since its shares were suspended from trade earlier this month.
- Zoe Samios and Anthony Macdonald
Blackstone is burning through Crown Casino
The global real estate giant has lost another top-ranking casino executive, to go with the two others who left last month.
- Mark Di Stefano
HG Vora chips away at Pointsbet stake; Jefferies on hand
Sources said it was a standard block trade, with three funds on the buy side.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Star confirms sale of Treasury Casino site in scramble for cash
The troubled gaming company has ended months of speculation, pocketing a much-needed $60.7 million from selling its Brisbane property to Griffith University.
- James Hall and Zoe Samios
Vow to release secret Queensland report into Star’s HK partner
The report into Star Entertainment’s marquee Brisbane casino examined possible criminal links with one of its business partners.
- James Hall and Zoe Samios
Star Casino has Queensland over a barrel
The sideshow casino group is seeking relief from a government full of friends.
- Updated
- Mark Di Stefano
- Opinion
- Gambling
It’s time Australia put the guardrails on its gambling habit
The public is ready for gambling reform, if only politicians were brave enough to take it up.
- Aruna Sathanapally
- Exclusive
- Casinos
Star Entertainment’s banks baulk at cost blowouts and demands for debt
The ASX-listed casino operator has been negotiating with its lenders for days. But delays getting security over individual properties is slowing down progress.
- Zoe Samios, Anthony Macdonald and James Hall
- Opinion
- The AFR View
No tax break bailout for Star’s casino racket
The question posed by Star’s financial struggles and concerns about its Queen’s Wharf partner is whether any casino in Australia can be profitable without dirty money.
- The AFR View
This poker pro wants to teach you how to be a better gambler
Nate Silver’s account of the gaming industry can be read as a useful manual for aspiring card sharps and professional sports gamblers, but it doubles as an indictment.
- Max Chafkin
- Opinion
- Chanticleer
McCann’s Star plan collides with angry lenders, politics
It’s one thing to have a turnaround plan, it is another to get the clear air to pull it off.
- Anthony Macdonald
- Updated
- Gaming & wagering
Sceptical NSW poised to reject Star’s pleas for tax relief
But the Queensland government appears open to allowing the embattled casino operator to push back the tax debt that it owes, to give it breathing room.
- Updated
- Zoe Samios and James Hall
- Exclusive
- Casinos
Star asks lenders for relief and money to secure financial future
The struggling casino giant has also asked for temporary tax relief from the NSW and Queensland governments as it prepares to resume trading on Monday.
- Zoe Samios and Anthony Macdonald
- Exclusive
- Online gambling
Gambling advertising ban on jerseys and stadium signs back in play
The government had planned a separate process, but discussions have restarted after bookies supported the idea.
- Ronald Mizen, Zoe Samios and Sam Buckingham-Jones
