Gaming

JV Partners of Star Entertainment Seek to Cancel Deal for DBC Exit

Tuesday 01 de July 2025 / 12:00

⏱ 1 min read

(Hong Kong).- The Star Entertainment Group has received a notice from its joint venture partners, Chow Tai Fook Enterprises and Far East Consortium, to terminate the previously announced agreement for The Star to exit its interest in the Destination Brisbane Consortium (DBC), according to a bourse filing.

JV Partners of Star Entertainment Seek to Cancel Deal for DBC Exit

The Star Entertainment Group said it is still open for further negotiations with its JV partners.

The agreement, first disclosed in March 2025, was intended to pave the way for The Star to withdraw from the DBC and refocus its efforts on operations at the Gold Coast. However, the deal was subject to the completion of detailed legal documents by 30 April 2025, a deadline that was not met.

Under the terms of the binding heads of agreement (HoA), failure to finalise documents by the deadline allowed either party to terminate the agreement with five business days’ notice. Despite continued negotiations since a general meeting of shareholders on 25 June, the parties have not reached consensus on outstanding commercial matters.

The termination notice issued today will take effect on Monday, 7 July 2025, unless withdrawn earlier. The Star says it remains open to further negotiations with its joint venture partners to progress the transaction.

The company also confirmed it has received $58m in proceeds from the sale of its Event Centre and $133m in funding from Bally’s Corporation and Investment Holdings, as outlined in its explanatory memorandum to shareholders.

The Star has pledged to provide further updates should material developments occur.

Categoría:Gaming

Tags: Sin tags

País: Hong Kong

Región: Asia

Event

SiGMA North America 2026

01 de September 2026

LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America

(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.

Monday 28 Sep 2026 / 12:00

SiGMA North America Addressed Crisis Management in iGaming

(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.

Friday 25 Sep 2026 / 12:00

Affiliates and Acquisition: Keys to Regulated Markets in North America

(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.

Thursday 24 Sep 2026 / 12:00