Australian shares move within 50 points of record close. China’s next rate decision ahead. Core Lithium poaches former MinRes exec for CEO role. Follow updates here.
Embattled casino operator Star Entertainment has confirmed it received inbound interest regarding a potential transaction from a consortium of investors that includes the Pacific division of Hard Rock Hotels and Resorts. The Australian Financial Review reported this morning that the US-based Hard Rock Hotels and Casino was considering taking control of the challenged casino operator under a consortium proposal that would separate its properties from the casino operator.
“The Star confirms that it has not received a proposal directly from Hard Rock Hotels and Casinos,” it said in an ASX statement. “However, the company has received inbound interest from a number of other external parties regarding potential transactions including a consortium of investors which includes the entity Hard Rock Hotels & Resorts , which The Star understands is a local partner of Hard Rock.
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