The Queensland Government has approved a $300 million rescue package for Star Entertainment Group, allowing US-based Bally's Corp and Investment Holdings Pty Ltd to acquire over 50% ownership, aiming to stabilize the company amidst ongoing financial challenges.
Target Information
The Star Entertainment Group, a prominent player in Australia’s casino and gaming sector, has faced considerable financial difficulties recently, prompting a necessary rescue operation. This company operates renowned casinos located in Brisbane, Gold Coast, and Sydney, providing entertainment and hospitality services to thousands of patrons annually. Seeking stability, Star Entertainment agreed to a substantial financial lifeline amounting to $300 million to avert potential collapse under mounting pressures.
The approval for this rescue package by Queensland and New South Wales gaming authorities signals a crucial turning point for Star and positions it for recovery and future growth. The bailout involves an investment from two major entities that will collectively acquire a significant stake in the company, thereby strengthening its financial and operational footing.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview
The gambling industry in Australia, particularly in Queensland and New South Wales, is characterized by a strong regulatory framework that emphasizes responsible gaming and consumer protection. The market has witnessed a resurgence in revenue g
Similar Deals
Bally's Corp and Investment Holdings Pty Ltd
invested in
Star Entertainment Group
in 2025
in a Other deal
Disclosed details
Transaction Size: $300M