Good Morning. A ray of sunshine can quickly become blocked by a cloud. Such appears to be the case for Australian gaming operator The Star, which saw a massive potential lifeline fall through, as it couldn’t meet the terms. Now, the operator is likely to seek out Bally’s for a bailout and make sacrifices to do so.
What you need to know
- The Star’s refinancing deal collapses, turning again to Bally’s as a possible savior, with enough cash only to finish out a week.
On the radar
- Forbes World’s Billionaires lists several Asia-linked gambling figures.
- CN consumer recovery driving 6.5% growth in Macau FY25 gaming: Seaport.
- Table games drive Paradise Co.’s 51.6% revenue surge in March.
- Macau gaming operators urged to stay neutral in upcoming election.
AGB Intelligence
AUSTRALIA
The Star refinancing deal collapses
Embattled Australian gaming operator The Star appeared to have found its way out of the woods. But now the carpet has been pulled out from under them, as Salter Brothers Capital withdrew their refinancing bid for the company as The Star couldn’t satisfy their terms. Now the company is likely to pivot back to American group Bally’s, as its cash should only help it last out the week.
Industry Updates
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- ZITRO to showcase groundbreaking concepts and games at GAT Expo 2025.
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