Anyloan Australia

... Personal Finance & Business Loan Solutions

Home
Calculators
Personal Loan Calculator Car Loan Calculator Bike Loan Calculator Boat Loan Calculator JetSki Loan Calculator Caravan Loan Calculator Truck Loan Calculator Home Loan Calculator Business Loan Calculator Asset Lease Calculator
Sitemap
About us Privacy Contact us News Articles Podcast Broker login Affiliate program
Apply Now
Personal Loan Car Loan Bike Loan Boat Loan Truck Loan Home Loan Business Loan Other Loan

Anyloan Australia :: News

Share this news item!

Star Entertainment Secures $940M Refinancing Amid Financial Struggles

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Star Entertainment Group has announced a crucial refinancing plan to address its significant debt obligations.

The casino operator has forged an exclusivity and process deed with Salter Brothers Capital, signalling a potential $940 million refinancing initiative.

This move, if successful, would allow Star to manage its existing debt portfolio effectively and ease the liquidity pressures it currently faces.

The agreement comes after Star's shares faced a trading halt, prompted by failure to finalise a financial statement amidst ongoing efforts to settle over $400 million in debts. This financial distress is compounded by previous issues, including money laundering scandals, regulatory challenges, and declining revenues, which have collectively impacted the company's performance.

Despite these challenges, Star has been approached with multiple refinancing offers. Recently, it sold its stake in the Queen's Wharf Brisbane entertainment precinct for $53 million, thereby offloading its part in the project's $1.6 billion debt. Additionally, US giant Bally's proposed to underwrite a $250 million capital raise for a controlling interest in Star, highlighting its interest in reviving the company's fortunes.

Further complicating matters, Star has entered into a $250 million senior secured bridge facility with King Street Capital Management. The trading suspension on Star's shares is expected to continue as its board deliberates on these potential lifelines, examining options to stabilise the company's operations, which are vital for its 8,000 employees.

Looking ahead, the outcome of these negotiations could reshape Star's financial landscape, potentially revitalising its operational capacity. Analysts will closely observe these developments, with stakeholders eager to see how Star navigates this complex financial predicament.

Published:Tuesday, 11th Mar 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Westpac Eases Home Loan Access for Self-Employed Borrowers

22 Nov 2025: Paige Estritori

Westpac Banking Corporation has announced significant changes to its home loan application process, specifically designed to assist self-employed Australians. Recognizing the unique challenges faced by this demographic, the bank has introduced a streamlined approach that reduces the documentation required, thereby expediting the approval process. - read more

CBA Implements Stricter Lending Criteria for Companies and Trusts

22 Nov 2025: Paige Estritori

The Commonwealth Bank of Australia (CBA) has revised its lending policies concerning companies and trusts, introducing stricter criteria that necessitate existing banking relationships for loan applicants. Effective November 22, 2025, this change applies to broker-introduced applications for non-individual borrowers. - read more

RBA Maintains Cash Rate at 3.60% Amidst Inflationary Pressures

14 Nov 2025: Paige Estritori

The Reserve Bank of Australia (RBA) has decided to keep the official cash rate steady at 3.60% during its November 2025 meeting. This decision reflects the central bank's ongoing concerns about inflation, which has risen above the target range of 2-3% and is expected to remain elevated for some time. - read more

ANZ Bank Adjusts Cash Rate Forecast: No Cuts Anticipated Until 2026

14 Nov 2025: Paige Estritori

ANZ Bank has revised its cash rate forecast, now expecting no cuts until February 2026. This adjustment aligns with similar revisions by other major banks, reflecting a collective response to recent economic data and RBA communications. - read more

RBA's November 2025 Statement: Inflation Trends and Economic Projections

14 Nov 2025: Paige Estritori

The Reserve Bank of Australia (RBA) has released its November 2025 Statement on Monetary Policy, highlighting concerns about rising inflation and providing insights into the future of the Australian economy. - read more

Click for more Finance News

Finance Articles

Top 10 Smart Borrowing Strategies for Australians: A Comprehensive Guide

Smart borrowing is crucial for individuals and businesses in Australia to manage their financial goals effectively. With a well thought-out borrowing strategy, you can optimize your finances, minimize costs, and achieve your financial objectives. - read more

Understanding Loan Comparison: A Guide for New Borrowers

For new borrowers, stepping into the world of loans can be overwhelming. There are numerous options available, and each comes with its own set of terms, interest rates, and features. - read more

Understanding Interest Rates: How to Get the Best Deal on Your Loan in 2024

As we step into the year 2024, the financial landscape continues to evolve, bringing to the fore the ever-critical subject of interest rates. For anyone considering taking out a loan, whether for a car, a home, or personal expenses, understanding the mechanics of interest rates is not just beneficial; it’s essential. - read more

Step-by-Step Guide to Navigating the Loan Application Process

Welcome to our step-by-step guide to navigating the loan application process! Whether you're seeking a home loan, personal loan, or business loan, the journey can seem overwhelming. - read more

The Power of a Good Credit Score: Tips to Maintain and Protect Yours

Credit scores play a crucial role in the financial journey of any individual, especially in Australia where they serve as a snapshot of your financial reliability. This numerical expression based on a level analysis of a person's credit files has a far-reaching impact on various aspects of financial borrowings. - read more

Need Help Finding a Loan?

Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check!

All finance quotes are provided free (via our secure server) and without obligation.
We respect your privacy.

Knowledgebase

Derivative:
A financial security whose value is dependent upon or derived from an underlying asset or group of assets.

This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.

IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.