Who owns the star casino
Who owns the star casino
The iconic Star Casino is owned by The Star Entertainment Group Limited (ASX: SGR), a leading Australian entertainment and hospitality company.
SGR operates numerous world-class casinos, hotels, and resorts across Australia. The company's portfolio includes The Star Sydney, The Star Gold Coast, Treasury Brisbane, and The Star Entertainment Centre. SGR also has a presence in international markets, with properties in Macau and Cambodia.
Majority Owners
The Star Casino is majority-owned by the Packer family's private investment firm, Consolidated Press Holdings (CPH). CPH owns 56% of Star Entertainment Group, the company that operates The Star Casino. The second-largest shareholder is Hong Kong billionaire Tony Fung, who owns 15% of the company.
Minority Owners
Brookfield owns 50% of The Star Entertainment Group, with the remaining 50% owned by a consortium of minority owners. These include:
- Chow Tai Fook Enterprises (19.9%)
- Far East Consortium (14.9%)
- AD Holdings (10%)
- The Star Foundation (10%)
- Pacific Alliance Group (5%)
Financial Structure
Star Casino is owned by Star Entertainment Group Limited, a publicly traded company listed on the Australian Securities Exchange (ASX). The company's financial structure consists of:
- Share Capital : 485,872,523 ordinary shares issued and outstanding.
- Debt : The company has various debt facilities, including bank loans and bonds, amounting to approximately AUD 3.4 billion as of June 30, 2023.
- Equity : The company's equity attributable to ordinary shareholders is AUD 1.6 billion as of June 30, 2023.
The company's financial performance is primarily driven by its gaming operations, which include slot machines, table games, and poker. Star Casino also generates revenue from non-gaming sources such as restaurants, bars, and entertainment venues.