Hard Rock Wants to Acquire Star Entertainment
Australian gambling giant Star Entertainment has received interest from external parties, including a consortium led by a subsidiary of Hard Rock Hotels and Casinos.
Star Entertainment, one of Australia's largest gambling operators, has been under investigation for alleged irregularities, including breaches of anti-money laundering regulations. Despite these regulatory challenges, the company continues to attract significant attention from other gambling organizations.
According to the Australian Financial Review, Hard Rock Hotels and Casinos is interested in acquiring Star Entertainment. If the acquisition proceeds, Star will undergo a thorough rebranding. The potential acquisition aims to upgrade properties and reduce their dependency on gambling revenue.
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