Star Entertainment: Potential Deals and Hard Rock Interest
Date: 2024-05-20 Author: Alex Crawford Categories: EVENTS
Australia's Star Entertainment Group confirms it has received interest from several parties, including Hard Rock Hotels & Resorts (Pacific), regarding potential deals. This announcement follows media speculation about possible corporate activity.
Confirmation of Interest
Star Entertainment said it has received interest from several parties regarding potential deals, including Hard Rock Hotels & Resorts (Pacific) and other investors. However, this is only preliminary interest and has not led to concrete discussions or proposals.
Challenges and New Leadership
This interest in deals comes at a time of recent regulatory difficulties and leadership changes at Star Entertainment. Following the departure of its chairman and other key figures, the company has faced challenges and changes, including falling revenue and allegations of misconduct.
Star Entertainment's obligations
Despite these difficulties, Star Entertainment emphasizes its commitment to improving the situation and participating in investigations. The Company promises to continue to keep its shareholders informed of developments in accordance with its ongoing disclosure obligations.
