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Star confirms sale of Treasury site amid scramble for cash
The troubled gaming group has confirmed months of speculation with the sale of its former Brisbane casino complex to Griffith University.
- James Hall and Zoe Samios
AirTrunk’s $24b payday | Inflation brawl | Can a clean Star casino make money?
This week on the Chanticleer podcast, James and Anthony look at the sale of data centre giant AirTrunk, ask whether casino operator Star is about to run out of luck, and try to figure out who’s right: Michele Bullock or Jim Chalmers?
- Anthony Macdonald and James Thomson
Ovadia drops lawsuit against Seven
The emotional and financial toll would be too great to prosecute the case, the television reporter says.
- Sam Buckingham-Jones
Labor shift over crackdown on tax agents
The new stance was announced after a meeting between Assistant Treasurer Stephen Jones and a coalition of 10 professional associations.
- Edmund Tadros
Melbourne Football Club president quits amid Petracca saga
Kate Roffey has quit the board, just a week after she was heavily criticised for a radio interview about disgruntled Demons superstar Christian Petracca.
- Patrick Durkin
Samuel Terry emerges as ARN Media kingmaker with 16pc stake
The activist investment firm has become the television and radio broadcaster’s largest shareholder as the company attempts to consolidate regional media.
- Sam Buckingham-Jones
Opinion & Analysis
Is private credit becoming the next subprime crisis?
Investors need to consider whether they are getting sufficient additional returns for the risks that debts issued by unregulated non-bank lenders present.
Columnist
With a half-smile, Bill Shorten bows out of politics on his terms
The former federal Labor leader has no regrets about calling it quits to become a university vice chancellor.
Columnist
Vodafone gets a start in the bush, now to make it work
Vodafone’s never been able to justify going to the bush. It needs at least 100,000 more customers to make its new deal work.
Columnist
How AirTrunk helped make the careers of these bankers
The $24 billion sale of the data centre business was making waves long before this week.
Columnist
Companies in the News
Macquarie Group
The Star Entertainment Group
Updated: Sep 6, 2024 – 4.46pm. Data is 20 mins delayed.
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Featured
- Opinion
- Big four
What scandal? Elliott doubles down on minimising bond trading fallout
Shayne Elliott is steadfast in his position that ANZ hasn’t done all that much wrong. It’s a familiar stance, but this time he better be right.
- Jonathan Shapiro
Real estate portal Domain the ultimate fixer-upper for Nine’s board
It’s Australia in 2024, and property is (still) king. Getting the one-time growth engine firing again would make for some very happy shareholders.
- Jemima Whyte
Inghams director warns: Guzman y Gomez store will attract ‘riff-raff’
Behind the minor fracas is a bigger question about whether the country’s biggest poultry producer can continue to squeeze big profits from fast food chains.
- Jemima Whyte
This Month
ASX-listed gold miner places near $100 million bet on African project
Australia’s largest African-focused gold miner has increased its bet on a Guinean project, giving the company the option to lob a takeover.
- Elouise Fowler
- Updated
- Courts
Westpac allegedly bullied ‘troublemaker’ staffer who raised RAMS fraud
The bank’s head of audit and risk also alleges that executives sidelined her. The prudential and corporate regulators are investigating.
- Lucas Baird
Pacific Smiles CEO exits after just eight months and failed takeover
Co-founder and large shareholder says July trade was strong in part because some dentists cut back on the usual skiing holidays and worked instead.
- Simon Evans
- Opinion
- Investing
Is private credit becoming the next subprime crisis?
Investors need to consider whether they are getting sufficient additional returns for the risks that debts issued by unregulated non-bank lenders present.
- Christopher Joye
Inside Project Amidala: AirTrunk’s $24b deal
Four years ago, Blackstone missed its chance to buy up the data centre giant. It wasn’t about to make the same mistake twice, even if it cost $24 billion.
- Anthony Macdonald
Oracle billionaire Larry Ellison is Network Ten’s new owner
New documents reveal the billionaire will control 77.5 per cent of Network Ten’s ultimate owner. But this does not end the uncertainty for the home of MasterChef.
- Sam Buckingham-Jones
Echo IQ placement ‘oversubscribed’; Ord Minnett on ticket
Bids were due at market close on Thursday, and it is understood demand exceeded $10 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Athlete star power drives 600pc rise in undies company’s share price
Step One, a bamboo underwear producer for “bigger blokes”, had a difficult start on the ASX, but a new women’s fitness range has reversed the slump.
- Simon Evans
CFMEU official used super fund money to help union, alleges APRA
Legal action has started against Michael O’Connor, who is accused of knowing a First Super staffer was also performing work for his labour organisation.
- Max Mason and Hannah Wootton
Exclusive Subscriber Offer - AFR CFO Live 2024
Financial Review subscribers receive a 15% discount on in-person tickets to this event on November 19, 2024.
Why you pay $5.08 for a $5 coffee
The notoriously complex area of retail payment costs is in the political spotlight, and set to force a response from the central bank. Here’s how it works.
- James Eyers
Australia just had its hottest M&A week (and it’s only September)
Nearly $24 billion worth of Aussie M&A deals were announced between Monday and Thursday evening – the highest since Newmont’s $24.4 billion bid for Newcrest last year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Brookfield’s Healthscope deal leaves a sick feeling
A weakened Healthscope is the face of the backlash agitating for more funding from the private health insurers.
- Jemima Whyte
Vow to release secret Queensland report into Star’s HK partner
The report into Star Entertainment’s marquee Brisbane casino examined possible criminal links with one of its business partners.
- James Hall and Zoe Samios
Uranium mine shareholders try to delay Rio Tinto capital raise
The Takeovers Panel confirmed two of the uranium miner’s shareholders are trying to delay an $880 million capital raise backed by major shareholder, Rio Tinto.
- Elouise Fowler
Star Casino has Queensland over a barrel
The sideshow casino group is seeking relief from a government full of friends.
- Mark Di Stefano
Arcadium to mothball Mt Cattlin amid low lithium prices
The collapse in lithium prices has claimed its first major victim in Western Australia.
- Elouise Fowler
- Opinion
- Political leadership
With a half-smile, Bill Shorten bows out of politics on his terms
The former federal Labor leader has no regrets about calling it quits to become a university vice chancellor.
- Jennifer Hewett
Corrs’ handcuffs aren’t enough to stop the exits
Another well-liked partner has left the law firm, bringing the total number of departures to 10 since the CEO’s contract extension.
- Mark Di Stefano
