Australian gaming operator The Star indicated on Monday that it had reached an agreement for the sale of its Sheraton Grand Mirage Resort Gold Coast for AU$192 million ($125.03 million).

Embattled Australian casino operator The Star is pulling out all the stops in its equity drive, now listing its Sheraton Grand Mirage resort on the Gold Coast for $200 million, according to reports.

Australia's The Star finally has some good news to report, after months of complications.

Embattled Australian casino operator, The Star Entertainment, has agreed to sell Sheraton Grand Mirage Resort Gold Coast for AU$192 million ($128 million). The sale price is close to the original asking price of AU$200 million ($133 million). The firm announced the deal via Monday filing.

Hong Kong Stock Exchange-listed Far East Consortium has announced a 14 percent increase in its gaming business revenue during the first half of its financial year, to HK$151 million ($19.33 million), based upon its operations from the group’s Palasino-branded casino operations – located in the Czech Republic.

After suffering through years of COVID-induced trauma, the Philippine gaming industry should reach pre-pandemic GGR levels this year, says the PAGCOR Chairman. Junkets and high-rollers are slow to return, but new openings in Clark bode well for the future, notes the official.

Hong Kong developer the Far East Consortium (FEC) has enlisted CBRE and McVay Real Estate to market two Ritz Carlton hotels, in Melbourne and Perth, with a total of 462 luxury rooms.

Hong Kong Stock Exchange-listed property giant Far East Consortium has announced a 28 percent yearly increase in its gaming revenue during the financial year ended March 31st, totaling HK$296 million ($37.79 million).

Embattled Australian gaming operator The Star has gained a slight reprieve, as proposed increases to casino taxation rates in the state of New South Wales have been delayed by the state government. But the group has suffered a different financial setback, as the proposed $168 million sale of its Treasury Casino and Hotel has fallen through.

Australia’s embattled The Star says that it’s going to be laying off some 500 full-time employees and implementing salary freezes, as it attempts to reduce its operating expenditure by over AU$100 million ($67.4 million) amongst what it calls ‘a significant and rapid deterioration in operating conditions’.