The company has told investors it has made a deal with its Hong Kong partners, surrendering its share in Queens Wharf. The one thing that is missing from the facility is the chance to enjoy electronic gaming. There’s plenty of casino action available at the Star, as well as great dining, luxury accommodations, and engaging entertainment.
The next 24 hours will be crucial for the casino operator, which was forced to delay the announcement of its full-year results on Friday. Star Entertainment needs to show the market it has the funding needed to stabilise its underperforming casino business while also fixing the probity issues that have left the company’s retention of its Sydney casino licence in doubt. Mathieson, with an estimated wealth of $2.5 billion, is one of the investors to have backed Star’s previous rounds of capital raising last year, which netted close to $1.5 billion. The casino operator’s business is currently worth just $1.3 billion, based on the last trading price of its stock at 45 cents. A fresh injection of cash into the business would allow Star to secure its ongoing viability after a second probe into the company’s culture found it unsuitable to hold a casino licence. Shooting Star Casino, Hotel and Entertainment, blackcoin.co located in Mahnomen, Minnesota, is the premier entertainment destination in the Midwest. Proudly owned and successfully operated by the White Earth Nation, Shooting Star is home to Las Vegas-style gaming, big name concerts, award-winning dining, shopping, luxurious accommodations and nearly 30,000 square feet of event/meeting space.