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Star Entertainment chaos deepens: $750m lifeline withdrawn

Summary by The West Australian
Embattled casino group Star Entertainment is once again on the verge of administration following the withdrawal of a critical $750 million lifeline.

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Star Entertainment chaos deepens: $750m lifeline withdrawn

Embattled casino group Star Entertainment is once again on the verge of administration following the withdrawal of a critical $750 million lifeline.

·Australia
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IAGIAG

Why are the shareholders of Star Entertainment accepting this farce? Someone needs to call an Extraordinary General Meeting NOW and fire the entire board

The situation with Star Entertainment is now well and truly beyond a joke. It’s time for emergency action. Under Australian corporate law, any shareholder (or group thereof) with 5% or more voting rights can call an extraordinary general meeting, and that’s exactly what needs to now happen. And the agenda for this meeting? One item: fire the entire board.  In an ASX filing yesterday, Star announced that its last-ditch AU$940 million (US$595 mill…

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The West Australian broke the news in Australia on Wednesday, April 2, 2025.
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