Bally’s Corporation Comments on The Star Entertainment Group AUSTRAC Decision and Continued Turnaround
Bally's commented on the Federal Court of Australia's $260 million AUSTRAC penalty against The Star Entertainment's subsidiaries over historical anti-money-laundering violations that predate Bally's involvement. The Star said the penalty is materially in line with its prior provision, will be paid in four installments over 19 months, and does not threaten going concern; it constitutes a review event under its WhiteHawk Capital Partners credit facility, with engagement ongoing.
Key figures
- Austrac penalty
- $260 million
- Prior year ebitda
- negative A$13 million
- Penalty installments
- 4 installments over 19 months
- Star q1 fy27 group ebitda
- A$12 million
- Sydney gold coast revenue qoq
- 9%
AI analysis
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