New South Wales commission extends Star Sydney licence suspension to September
The New South Wales Independent Casino Commission extended Star Sydney’s licence suspension and the special manager’s appointment to 30 September, after Star Entertainment said it was not seeking a licence determination at this time. Separately, Star said it secured US$390 million, equivalent to A$550 million, in refinancing from WhiteHawk Capital Partners; completion is subject to conditions, including regulatory approvals and the disposal of its interest in Destination Brisbane Consortium.
The extension keeps Star Sydney operating under a suspended licence while the company pursues remediation and refinancing.