Reported 1 day ago
Star Entertainment Group Ltd. is negotiating the sale of its 50% stake in a Brisbane casino complex to its Hong Kong partners, Chow Tai Fook Enterprises Ltd. and Far East Consortium Ltd., after rejecting initial offers viewed as too low. The Australian casino operator faces a financial crunch, needing to raise A$150 million to secure additional funding. The outcome of these negotiations remains uncertain, raising questions about the company's viability.
Source: YAHOO