Embattled Star accepts $300 million funding deal from U.S. casino operator Bally’s
Under the deal, Bally’s will purchase a combination of Star’s convertible notes and subordinated debt, delivered in multiple stages, according to an exchange filing.
Yessar Rosendar, Forbes Staff
Billionaire climate activist Mike Cannon-Brookes defends F1 sponsorship, private jet use
Australian tech billionaire and climate activist Mike Cannon-Brookes has defended his company’s sponsorship of the Williams Formula 1 team and his use of a private jet, emphasizing the need for pragmatic trade-offs in the pursuit of sustainability.
Billionaire Bruce Mathieson’s embattled Star gets $650 million debt refinancing offer from Oaktree
Star Entertainment Group—backed by Australian billionaire Bruce Mathieson—has received $414 million debt refinancing offer from U.S. alternative asset manager Oaktree Capital Management, providing the cash-strapped casino operator a potential lifeline.
Billionaire Bruce Mathieson-backed Star in talks to sell Brisbane Casino to Hong Kong partners
Star Entertainment Group—backed by Australian gambling billionaire Bruce Mathieson—is in talks to sell its resort complex in Brisbane to its Hong Kong partners as the cash-strapped casino operator seeks to raise fresh capital to shore up its finances.
‘Material uncertainty’: Casino operator Star may run out of cash
Star Entertainment Group—backed by Australian gambling billionaire Bruce Mathieson—is facing the risk of running out of cash as the embattled casino operator struggled to raise fresh capital amid slumping gaming revenues.
Indian Billionaire Gautam Adani building $476 million powerline project
Adani Energy Solutions will invest $476 million to build a 298-kilometer transmission line in the western Indian state of Gujarat.
Australia’s $30 billion solar farm, backed by Mike Cannon-Brookes, gets green light
Tech billionaire Mike Cannon-Brookes’ Sun Cable won the Australian government’s approval to build the first phase of the $20 billion undersea cable that will deliver solar-generated electricity from Darwin to Singapore.
Billionaire Kerry Stokes’ Seven Group to take full control of Boral for $1.9 billion
Seven Group Holdings—controlled by billionaire Kerry Stokes—is offering to buy the rest of construction giant Boral for A$1.9 billion ($1.2 billion).
Commonwealth Bank of Australia sells off Indonesian unit for $142 million
The deal is the first acquisition by OCBC since Helen Wong took over as group CEO in 2021, becoming the first woman to lead the Singapore-based bank.