Good Morning. Down but never out. The Star appears to have secured yet another possible lifeline in the form of a new agreement with WhiteHawk Capital to refinance all of its debt and gain new liquidity. The group is hoping to consummate the deal by mid-May as it negotiates waivers with current lenders. Looking at Singapore, Resorts World Sentosa’s recent results failed to impress analysts, who cut earnings estimates on limited signs of near-term recovery. Looking to Macau, CNY results also didn’t rise up to analysts’ expectations, with Morgan Stanley highlighting weak spending and heavy competition driving up promotional expenditure.
What you need to know
- The Star inks new agreement to refinance all its debt and gain ‘incremental liquidity’, targeting mid-May completion.
- Disappointing FY25 performance prompts analysts to slash Genting Singapore earnings estimates by up to 14 percent.
- Macau posts mild CNY gaming results as Morgan Stanley warns margin recovery remains uncertain amid weak spending and promotional pressure.
On the radar
- Isle of Man rejects visa for PH gaming exec over past employment ties.
- Macau hotels saw 94.8% occupancy in January, average rates down.
- Tabcorp fiscal 1H26 EBITDA up 14.6%, revenue hit $954M.
- IEC wraps up Manila casino upgrade, hotel reopening set for July 2026.
AGB Intelligence
AUSTRALIA
The Star inks agreement to refinance all debt
Australia’s The Star Entertainment Group announced today that it has inked a refinancing agreement with US-based WhiteHawk Capital Partners to refinance all of its debt and gain ‘incremental liquidity’. The embattled operator is hoping to consummate the deal by mid-May, saying it doesn’t depend on the outcome of its case with the nation’s financial watchdog.
Industry Updates
- SOFTSWISS enters Brazil’s ANJL as Carla Dualib takes a Board seat.
- Slotegrator boosts anti‑fraud capabilities with new AI‑powered assistant.
- 1xBet drives innovation and strategic growth at SiGMA Africa 2026.
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