“In April 2025, Bally's announced an AUD $300 million strategic capital investment in Star Entertainment Group Limited (“Star”), a leading Australian entertainment and gaming company, operating casino and resort properties in Sydney, Brisbane and the Gold Coast. Subsequently, Investment Holdings Pty (“Investment Holdings”), the Star’s largest shareholder entered into a commitment to provide AUD $100 million of the investment, reducing Bally’s total commitment to AUD $200 million. Bally’s AUD $200 million investment consists of a multi-tranche convertible note and subordinated debt instrument that, upon conversion, could result in Bally’s owning approximately 38% of Star. Bally’s funded AUD $67 million of the investment in April, with funding of the remainder subject to various approvals. The opportunity to take a significant equity stake in Star and influence its future is consistent with Bally’s historical operating strategy and we are confident and optimistic that, similar to past situations, we can deploy our disciplined operating and financial practices to strengthen Star and create new value for Bally’s shareholders.”
Latest update: Ballys will own less than half of STAR when the deal goes ahead.
https://www.businesswire.com/news/home/20250512739111/en/Ballys-Corporation-Announces-First-Quarter-2025-Results
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“In April 2025, Bally's announced an AUD $300 million strategic...
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $315.5M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.8¢ | 11.0¢ | $1.313M | 11.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 68 | 3735458 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 218600 | 4 |
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| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| SGR (ASX) Chart |