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Hard Rock International Rejects Star Ent Bidding

  • bscnews slotsite

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Hard Rock International Rejects Star Ent Bidding by bscnews slotsite
Casino Resorts investor Hard Rock International said it was not involved in an investment offer for Australian casino operator The Star Entertainment Group. The group was identified on Monday as part of a consortium that made an acquisition offer to the Australian casino company.

"We want to make it clear that Hard Rock International was not involved in discussions, activities or negotiations on its behalf with respect to the Star acquisition offer and did not approve it," Hard Rock International said in a statement on Monday.

It added: "Hard Rock International likewise has not approved the use of the Hard Rock brand in relation to the third party's proposed bid to Star."

It also called the matter "under investigation" and added that it would "take all necessary legal action to protect its brand and reputation."

Star Entertainment said in a filing on Monday that it had received "inbound interest from several external parties regarding potential transactions." The Australian-listed company did not reveal any parties interested in investing in the company in the filing.

Star Entertainment said in a filing on Tuesday that it had "never received an offer directly from Hard Rock International."

"The Company has received inbound interest from several external parties, including receiving incomplete and explicit offers from a consortium of investors, including a corporation called 'Hard Rock Hotels & Resorts (Pacific)' regarding potential transactions," Star Entertainment said.

It also added: "The Star confirms that it has not held any substantial discussions regarding the Consortium's proposal."

The exact identity or ownership of Hard Rock Hotels & Resorts (Pacific) is not clear, nor is it detailed in Star Entertainment's Tuesday filing. 프라그마틱 슬롯 사이트

Shares of Star Entertainment fell as much as 10% in early trading on Tuesday before falling 2.8% at 11:15 a.m. local time. Trading in the company's stock was temporarily halted on Monday.

The company is currently under regulatory action in Australia's NSW and Queensland states.

Licenses for Sydney's flagship casino (pictured) in New South Wales have been suspended "indefinite" since October 2022, subject to state supervision.

Licenses for two Queensland-based casinos, Treasury Brisbane and Star Gold Coast, were also suspended in December 2022 and placed under state supervision.
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Business Development Manager at D&AD New Blood