Star Entertainment may have secured a lifeline but the future of the casino operator remains a gamble

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Star will immediately receive A$35 million, injecting much needed cash to the embattled company, blackcoin.co which counts Australian billionaire Bruce Mathieson among its shareholders.


Star will immediately receive A$35 million, injecting much needed cash to the embattled company, which counts Australian billionaire Bruce Mathieson among its shareholders. If you’re visiting Wests Club, the city’s foreshore is packed with accommodation. From luxury waterfront hotels overlooking Nobby’s Beach to serviced apartments ideal for longer stays, you’re about ten minutes from the pokies floor. ? It’s also a smart move during the NRL season, when Newcastle goes into full party mode.
As a business, The Star is ahead of many in our industry in terms of diversity and inclusion, but there’s still a lot to do. The Trans and gender-diverse communities are starting to feel vulnerable, so let’s continue to work on making The Star a safe and inclusive place for everyone, esp., for trans and gender-diverse team members. "Any deal that promises to keep venues in Brisbane, the Gold Coast and Sydney operating as a going concern is a good result for the Star workers, their families and the communities they live in," the union’s casino director Andrew Jones said. In April 2025, Bally’s will make its UK debut by opening its first-ever casino at The Gate, one of Newcastle’s premier entertainment hubs, according to their website. "We’re always looking at everything within the best interest of the staff certainly our shareholders," Daniel Finch, CEO The Star Brisbane, said 7NEWS on Monday. The remaining funds will be paid either following a shareholder vote, or blackcoin.co will be split into two payments before October 7. Bally’s, which operate’s 19 casinos across the US, will get a 56.7 per cent stake in Star.

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