As things were unfolding, Star was also in buyout talks with US-based operator Bally’s Corp. The Brisbane exit was ultimately announced 7 March, with Bally’s extending an offer just two days later. In early March, Star announced plans to exit the joint venture, of which it owned 50%. The other two partners in the JV, Far East Consortium and Chow Tai Fook Enterprises, bought out Star’s stake in the project for AU$53 million. Despite the long-term potential upside of the venture, which just opened last August, Star’s perilous financial situation necessitated the exit. The result was the turnover of the board and management, hundreds of millions of dollars in fines, and increased regulatory oversight. Embattled casino operator Star Entertainment is facing a fresh blow, with a deal to exit a major Brisbane development on the brink of collapse. While operations at The Star have resumed as of Friday morning, heightened security and staff support measures remain in place. Global gaming supplier Light & Wonder has completed its transition from a dual listing to a sole listing on the Australian Securities Exchange. The company confirmed to Inside Asian Gaming that its last day of listing on the Nasdaq was... That deal fell through earlier this month although Star recently confirmed that discussions were ongoing to try and lock in a new deal before the end of July – part of the company’s efforts to generate enough liquidity to stay afloat. Latvia includes gambling tax increases up to 18% in the 2026 budget and merges the sector’s regulator with the government’s tax administration.
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