ASX Announcements
Change of Director's Interest Notice - D.Foster
Change of Director’s Interest Notice
- Nov 21, 2023
- 2 pages
Yesterday
- Opinion
- Chanticleer
The good, bad and ugly of business in 2023
Big deals, dud deals, scandals and success stories. In a year of high drama and big market moves, we look back at the winners and losers.
- Updated
- James Thomson
This Month
- Exclusive
- Casinos
Crown launches internal investigation into CEO
The Blackstone-owned gaming group has launched an inquiry into allegations management intervened to allow patrons removed from its casinos back in.
- Kylar Loussikian
Executive departures deepen Star Entertainment’s legal woes
Betty Ivanoff, a former group counsel at Crown Resorts and Coca-Cola Amatil, resigns after about six months in the role.
- Zoe Samios
- Opinion
- BOSS
Drumstick Awards: Five biggest corporate stuff-ups of 2023
It’s been a golden year for corporate scandals. But one company has outshone the rest, taking home the inaugural Triple Drumstick.
- James Thomson
Regulator says Star has six months – or its Sydney casino could close
The Independent Casino Commission has warned it is still not satisfied with Star’s ability to run the Sydney casino without supervision, despite significant remediation programs.
- Zoe Samios
November
Investors dust off Crown, Star merger dreams amid job cuts
Job cuts and slashed hours have Star Entertainment bulls excited Crown owner Blackstone could turn to its cross-harbour rival to find cost synergies.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Political donations
Access to Michelle Rowland for $1500 - or free with a subscription
The event is illustrative of the opaque world of “policy forums” used by political parties to sell corporate Australia privileged access to key politicians.
- Ronald Mizen
Star assures irate investors it has no intention of raising more money
The company has already secured $1.6 billion over the last seven months, almost the same as its market capitalisation, after major write-downs at its casinos.
- Zoe Samios
Virgin’s Christian Bennett shirtfronted by Star execs
The next wise-cracking corporate affairs type to make jokes at Star’s expense has been warned. They’re a little touchy right now.
- Myriam Robin
October
Bill Wavish slams proxy firm CGI Glass Lewis over Endeavour report
In a letter to shareholders, the directorship candidate says the report makes unfair representations about his past executive and board career.
- Carrie LaFrenz and Simon Evans
Bruce Mathieson back shopping for Star Entertainment shares
The billionaire was spotted buying a small parcel of shares on Friday, just over two weeks after refusing to tip into Star’s $750 million equity raising.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Activist shareholders
Pubs billionaire Mathieson says margin loan is no handbrake
Bruce Mathieson snr says opting out of the last Star capital raising was not influenced by a margin loan against his Endeavour stake, which has fallen in value.
- Zoe Samios, Carrie LaFrenz and Simon Evans
Star’s capital-raise costs Robbie Cooke
Even before the AGM approves his retention rights, the casino titan’s CEO is out some $500,000 on their face value.
- Myriam Robin
Barrenjoey, UBS, Macquarie top ECM league tables after Q3 raising rush
A trio of top-tier investment banks are angling for a top spot on the equity capital markets league table.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Star hopes to fetch $200m for Brisbane casino and hotel
Star Entertainment has put the Treasury Casino and Hotel on the market as it prepares to vacate these properties for Queen’s Wharf.
- Larry Schlesinger
September
Star receives lukewarm reception from insto investors in $565m raise
The raise – and a retail component worth $185 million – is part of a broader package of measures designed to shore up the embattled casino group.
- Updated
- Kylar Loussikian
No, thanks! Star’s top investor Bruce Mathieson skips on $750m raise
Bruce Mathieson Jr, who has been the key decision maker for the family on Star, confirmed to Street Talk it did not take up the entitlements.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Star mops up insto leg of $750m raise; Mathieson’s stake unclear
Star Entertainment Group had no troubles luring in takers for its fire-sale equity raising on Tuesday, but its largest shareholder Bruce Mathieson’s appetite was a mystery.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Desperate Star’s kitchen sink equity raising is deja vu all over again
Robbie Cooke insists his fresh $750 million raising sets Star up for the future. But investors have heard it all before.
- James Thomson
Star Entertainment restructures debt, raises $750m at large discount
The casino operator’s chief executive, Robbie Cooke, says the new financing and a $450 million debt facility is a “key milestone” in the company’s renewal.
- Kylar Loussikian
