Refinancing SGRA fine levied by financial crimes watchdog AUSTRAC, four class actions and two revoked state casino licences weighed on the embattled casino operator in the last financial year, culminating in a $2.2 billion non-cash impairment of The Star Sydney, The Star Gold Coast and Treasury Brisbane.
Star recently secured $450 million in new debt facilities from Barclays and Westpac as part of a refinancing process, following a strategic review undertaken by Barrenjoey Capital Partners.
The company’s chief executive, Robbie Cooke, had previously floated selling the Sydney business after slashing more than $2 billion from the value of its three casinos. In August, Star said that was off the cards.
Refinancing SGRA fine levied by financial crimes watchdog...
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