SGR - The Star Entertainment Group

[Knobby22]

Star Entertainment Group is close to selling its stake in the Queen’s Wharf precinct to Hong Kong-based investors in a deal that could secure $50 million for the company as it attempts to stave off collapse.
The embattled casino operator has desperately sought more cash as it was forced into a trading halt earlier this week after failing to publish its half-year financial results by the Friday deadline.

Media reports arose on Thursday that Star is close to securing a deal where it will sell off its stake in the Brisbane property to Far East Consortium and Chow Tai Fook – which each own 25 per cent stakes in the precinct.

And From The Australian

Coal baron offers Star $200m lifeline to clinch casino sale​

Queensland coal baron Chris Wallin has offered Star financing to ensure it can survive long enough to complete its Queen’s Wharf sale to Far East Consortium and Chow Tai Fook.

 

[qldfrog]

Star Entertainment Group is close to selling its stake in the Queen’s Wharf precinct to Hong Kong-based investors in a deal that could secure $50 million for the company as it attempts to stave off collapse.
The embattled casino operator has desperately sought more cash as it was forced into a trading halt earlier this week after failing to publish its half-year financial results by the Friday deadline.

Media reports arose on Thursday that Star is close to securing a deal where it will sell off its stake in the Brisbane property to Far East Consortium and Chow Tai Fook – which each own 25 per cent stakes in the precinct.

And From The Australian

Coal baron offers Star $200m lifeline to clinch casino sale​

Queensland coal baron Chris Wallin has offered Star financing to ensure it can survive long enough to complete its Queen’s Wharf sale to Far East Consortium and Chow Tai Fook.

Ohh my qld tax dollars....

 

[Knobby22]

Star Entertainment will receive a $53 million lifeline, with its Hong Kong joint venture partners confirming they will buy its stake in the Brisbane Queen's Wharf development, pulling it back from the brink of collapse.

Hopefully, sometime over the next two weeks it comes back onto the share market and the price jumps and I win the monthly comp!

 

[Sean K]

It must take quite a bit of talent to make a casino go broke.

Even Terry Benedict could make them work.