FOLLOW US
Follow us!

We are a proud member of the Financial Services Online network!

Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.

Follow us on social media
Boat Loans Australia
financing your boating dreams
Boat Loans Australia :: News
SHARE

Share this news item!

Star Entertainment Secures $940M Refinancing Amid Financial Struggles

Star Entertainment Secures $940M Refinancing Amid Financial Struggles

Star Entertainment Secures $940M Refinancing Amid Financial Struggles?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Star Entertainment Group has announced a crucial refinancing plan to address its significant debt obligations.
The casino operator has forged an exclusivity and process deed with Salter Brothers Capital, signalling a potential $940 million refinancing initiative.
This move, if successful, would allow Star to manage its existing debt portfolio effectively and ease the liquidity pressures it currently faces.

The agreement comes after Star's shares faced a trading halt, prompted by failure to finalise a financial statement amidst ongoing efforts to settle over $400 million in debts. This financial distress is compounded by previous issues, including money laundering scandals, regulatory challenges, and declining revenues, which have collectively impacted the company's performance.

Despite these challenges, Star has been approached with multiple refinancing offers. Recently, it sold its stake in the Queen's Wharf Brisbane entertainment precinct for $53 million, thereby offloading its part in the project's $1.6 billion debt. Additionally, US giant Bally's proposed to underwrite a $250 million capital raise for a controlling interest in Star, highlighting its interest in reviving the company's fortunes.

Further complicating matters, Star has entered into a $250 million senior secured bridge facility with King Street Capital Management. The trading suspension on Star's shares is expected to continue as its board deliberates on these potential lifelines, examining options to stabilise the company's operations, which are vital for its 8,000 employees.

Looking ahead, the outcome of these negotiations could reshape Star's financial landscape, potentially revitalising its operational capacity. Analysts will closely observe these developments, with stakeholders eager to see how Star navigates this complex financial predicament.

Published:Tuesday, 11th Mar 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Australian Boating Industry Sees Significant Growth Amidst Economic Challenges
Australian Boating Industry Sees Significant Growth Amidst Economic Challenges
11 Jan 2026: Paige Estritori
The Boating Industry Association (BIA) has released its latest State of the Industry Data Report, revealing a noteworthy national turnover of $10.12 billion for the fiscal year 2023-24. This represents a 5% increase from the previous year, underscoring the sector's resilience and growth despite recent economic uncertainties. - read more
BIA Advocates for Government Support Amidst Marine Industry Skills Shortage
BIA Advocates for Government Support Amidst Marine Industry Skills Shortage
18 Dec 2025: Paige Estritori
The Boating Industry Association Ltd (BIA) has recently called upon all levels of Australian government to provide strategic support to the nation's marine manufacturing and recreational boating sector. This appeal comes in response to a significant skills shortage that poses a threat to the industry's economic potential. - read more
Australian Boating Industry Poised for $20 Billion Expenditure by 2030
Australian Boating Industry Poised for $20 Billion Expenditure by 2030
18 Dec 2025: Paige Estritori
The Boating Industry Association (BIA) has released the National Recreational Boating Statement, providing a comprehensive overview of the sector's scale, value, and future projections. The statement forecasts that by 2030, Australians will spend $20 billion annually on boating activities, underscoring the industry's significant economic and social impact. - read more
Ian Thorpe Embarks on New Challenge in Sydney-Hobart Yacht Race
Ian Thorpe Embarks on New Challenge in Sydney-Hobart Yacht Race
10 Dec 2025: Paige Estritori
Australian Olympic swimming legend Ian Thorpe is set to make waves in a new arena by joining the crew of the supermaxi yacht LawConnect for the upcoming Sydney-Hobart Yacht Race. This marks a significant transition for Thorpe, who has previously dominated the swimming world with five Olympic gold medals. - read more
BIA's 'Discover Boating' Initiative Encourages Australians to Embrace the Water
BIA's 'Discover Boating' Initiative Encourages Australians to Embrace the Water
10 Dec 2025: Paige Estritori
The Boating Industry Association Ltd (BIA) has unveiled its annual 'See You Out There' campaign, a key component of the 'Discover Boating' initiative aimed at inviting Australians to experience the joys and benefits of boating. Launching on November 1, this campaign seeks to highlight the freedom, connection, and well-being that come from spending time on the water. - read more
Sydney International On-Water Boat Show 2025: A Resounding Success
Sydney International On-Water Boat Show 2025: A Resounding Success
10 Dec 2025: Paige Estritori
The 56th Sydney International On-Water Boat Show has successfully concluded after four dynamic days at Darling Harbour, reaffirming its status as a premier event in Australia's marine industry. Presented by the Boating Industry Association Ltd (BIA) in partnership with Mulpha Events, the show attracted over 20,000 visitors, offering a comprehensive showcase of the boating lifestyle. - read more
Click for more Finance News


Boat Loans Articles

The Beginner's Guide to Understanding Boat Insurance Coverage Options
The Beginner's Guide to Understanding Boat Insurance Coverage Options
Setting sail across the sparkling waters, whether for recreational fishing, cruising, or thrilling water sports, is a pastime many Australians cherish. However, with the joys of boating also come risks. From unpredictable weather conditions to unexpected maintenance needs, owning a boat is a significant responsibility—one that makes understanding boat insurance not just beneficial but essential for peace of mind on the waves. - read more
7 Tips For Getting The Best Boat Loan
7 Tips For Getting The Best Boat Loan
Buying a boat is a relatively large financial outlay and most people need to finance their purchase. If you’re in the market for a boat and plan to apply for a boat loan, there are a few things you should know if you want to get the best deal available. Here are our 7 tips for getting the best boat loan. - read more
The Benefits of Getting Preapproved Boat Finance for Australians
The Benefits of Getting Preapproved Boat Finance for Australians
If you're in the market for buying a boat, then it's crucial to familiarize yourself with preapproved boat finance. Unlike typical boat loans where you apply for financing after you've decided on a boat, preapproval allows you to secure finance before you start shopping. This gives you peace of mind and greater control over the buying process, ensuring no surprises or delays arise along the way. - read more
Smooth Sailing: Understanding Boat Loan Rates and Terms for Australians
Smooth Sailing: Understanding Boat Loan Rates and Terms for Australians
From the bustling harbors of Sydney to the serene waters of the Great Barrier Reef, boating is a treasured Australian pastime that combines the love of the ocean with the spirit of adventure. With so many Australians drawn to the water, understanding the financial aspects of boat ownership is crucial, particularly when it comes to securing a boat loan. However, wading through boat loan rates and terms can feel as complex as navigating through choppy seas. - read more
The Financial Advantages of Boat Loan Refinancing Explained
The Financial Advantages of Boat Loan Refinancing Explained
Welcome! If you own a boat and are currently financing it, refinancing your boat loan might be a smart move to consider. But what exactly does refinancing mean? - read more
3 Things to Avoid When Buying a Used Boat in Australia
3 Things to Avoid When Buying a Used Boat in Australia
Buying a used boat can be an exciting adventure, but it can also be a daunting task. It's important to remember that purchasing a high-quality used boat is crucial for your safety and enjoyment on the water. Australia's vast coastline and numerous waterways make it a prime location for boating enthusiasts, but with so many options available, it's easy to fall into common traps. - read more


Start Here

START HERE.

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase
Conventional Loan:
A type of mortgage loan that is not insured or guaranteed by the government.


Quick Links: | Boat Loan Finance | Boat Financing Options | Marine Finance | Boat Loan Rates | Boat Loan Calculator | Boat Loan Comparison | Boat Loan Lenders | Boat Loan Terms | Boat Loan Approval | Boat Loan Application | Boat Loan Interest Rates



This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
| HOME | RATES | CALCULATORS | NEWS | ARTICLES | ABOUT | CONTACT | PRIVACY | BROKERS | SITEMAP |
IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.