Today
Crown’s multibillion-dollar expense bill wipes casino profits
The Blackstone-owned company improved revenue by 44 per cent, but it was not enough to offset the toll of penalties and sharpening compliance.
- Zoe Samios
Yesterday
Tabcorp hit with strike over ‘excessive’ pay
It is the first strike against Tabcorp’s remuneration report since 2018.
- Zoe Samios
This Month
Three major proxy firms now dispute Tabcorp CEO, directors pay
Ownership Matters and ISS have joined the Australian Shareholders’ Association in opposition to the proposed pay packets of the wagering giant’s CEO and directors.
- Zoe Samios
SkyCity chief executive Michael Ahearne resigns
Julian Cook, chairman of SkyCity, said Mr Ahearne had led the business through a “complex and demanding period”.
- Zoe Samios
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
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
Tabcorp wagering revenue falls, shares plunge 10pc
The ASX-listed operator took the unusual step of providing the market with first-quarter revenue in an attempt to provide clarity on broad market conditions.
- Zoe Samios
Bill Wavish outlines his Endeavour fix-it plan to investors
The former chairman of Myer and Dick Smith set out his two-part agenda in a 22-page slide deck sent to fund managers.
- Carrie LaFrenz and Simon Evans
- Exclusive
- Gaming & wagering
News Corp quietly sold out of Betr after four months, despite $70m investment
The Murdoch family’s media empire is no longer a shareholder in the wagering group run by wealthy bookmaker Matthew Tripp, the company has confirmed.
- Zoe Samios and Sam Buckingham-Jones
Carlton brawler Bruce Mathieson turns on Endeavour
Shareholders will be hoping it’s not a Blues situation, where the thing needed to turn the institution’s luck was having Mathieson’s representative step away.
- Myriam Robin
September
Mathieson accuses Endeavour board of running an ‘insiders club’
The billionaire, whose son Bruce Mathieson jnr is a director, is backing the election of former Myer chairman Bill Wavish at the company’s annual meeting.
- Kylar Loussikian
Blackstone underestimated size of Crown Resorts challenge: chairman
Bill McBeath says Blackstone miscalculated the amount of work required to transform the casino giant’s culture and systems following years of scandal.
- James Thomson
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
Star launches $750m equity raise at 60¢ a share
It’s showtime for the sequel to The Star Entertainment Group’s February recapitalisation.
- Sarah Thompson, Kanika Sood and Emma Rapaport
WA gold play Red 5 beefs up defence after Silver Lake buys 11pc
It’s a wise move: Finlayson isn’t likely to let a cashed-up Silver Lake swoop on Red 5 without a fight.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Global Data Centre a winner from AirTrunk IPO: analysts
Unified Capital Partners analyst Jonathon Higgins says AirTrunk’s IPO is a “major group catalyst” for the ASX-listed digital infrastructure play.
- Sarah Thompson, Kanika Sood and Emma Rapaport
