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From poker tournaments to Michelin-quality dining, and exclusive clubbing to relaxing spa treatments, guests experience world-class hospitality tailored to every preference. The Star’s poker room hosts regular cash games, tournaments, and televised major series. The Star’s poker room hosts some of the nation’s most prestigious events, including the Sydney Championships and regular high-stakes tournaments. Cash games and daily tournaments run with professionally trained dealers, catering to beginners and best crypto payout speeds 2026 expert players alike. Located in Pyrmont on the edge of Darling Harbour, The Star mixes panoramic cityscape views with the convenience of city-center living.
While assets like hotels and carparks could be sold to raise cash, voluntary administration and a shareholder wipeout remain a “high likelihood”, said Morgans Financial analyst Leo Partridge. Regulatory inquiries have found it unsuitable to operate its Sydney and Queensland casinos, placing them under government supervision. Star’s future is still in doubt as revenue from its casino business shrinks amid rising costs and it struggles to find funding from either banks or investors. McCann and Star chair Anne Ward laid out the many challenges the business is facing as it attempts to win the confidence of regulators – and regain suitability to hold its casino licences – while keeping the business afloat. McCann said the big drop in gambling revenue may partly reflect the initial shock of carded plays’ introduction rather than a permanent impact. But he said the company is still getting to grips with what its business now looks like. Gambling or online gambling is illegal or restricted in a number of jurisdictions around the world.
Ross Greenwood who is the business editor at Sky News reported “Sources close to the financially troubled Star Entertainment have revealed to us that the company could enter administration within a week as its cash reserves again run dry”. Later that month Oaktree Capital Management offered a $650 million loan to help refinance the company’s debt. On 10 February 2025 Star announced it knocked back ‘several’ inquiries from prospective foreign investors for Queen’s Warf, citing that they undervalued the asset, but is in talks with CTFE and FEC on whether to relinquish its stake in Queen’s Warf. Later in February, it was reported that Blackstone Group was mulling an acquisition of Star Entertainment Group. Blackstone already is in the global casino business and owns Australian rival Crown Resorts so it may not go through on anti-competition concerns, though reports speculate authorities’ stance may be soften in this special case.
Whether you’re visiting for business or on holiday, your time at The Star will be a pleasurable one. Choose from The Darling, Astral Tower and Astral Residences, which offer guests luxury Circus Circus hotel amenities rooms and suites as well as penthouses and full apartments to stay in. The embattled Bitcoin casino deposit methods operator said in a statement to the ASX late on Wednesday it was continuing to work with stakeholders and advisers about its financial condition. “We need to implement those, and we need to make sure that we understand what the revised revenue model is for our business across gaming and non-gaming over time,” McCann said at the meeting. We’ve obviously been working with them over a period of time on a range of issues, including the importance of the employment that is there, and will continue to do so,” she said.
In February 2018, Star’s market capitalisation reached a high-water mark of $5 billion. When Star shares went into a trading halt this year, plenty of pundits envisaged a scenario where Crown bought the jewel in Star’s portfolio – the Sydney casino – and with it the free poker online machine licences that would reverse its own fortunes. US casino giant Bally’s Corporation, a self-described “buyer of last resort” whose advances Star had previously rebuffed, now offered $300 million in funding in exchange for control of the company. But as the company trickled down to its final dollar of cash, the former professional poker player had one more card in his hand. Most Star employees are based in Sydney, and despite recent troubles, its Pyrmont site remains a major tourism destination, with 650 hotel rooms and 36 food and beverage venues. Meanwhile, Star’s largest shareholder and legendary hotelier Bruce Mathieson had also previously pitched two offers for the company’s Gold Coast casino.
The Queensland Government has said that it is in talks to support the South East Queensland workers should something happen, but has ruled out intervening on the actual company. Restrictions on cash gambling were introduced in select areas of Star’s Sydney WD40 casino high payout in August, with carded play and $5000 cash limits coming into effect across the entire gaming floor in October. “We are at a critical point in our liquidity, with the business currently experiencing material negative cashflow on a monthly basis,” McCann told investors at the casino operator’s annual general meeting in Brisbane on Thursday morning.
The Star Sydney’s casino is open 24/7, complemented by late-night bars and entertainment. From luxury stays and award-winning dining to live shows and memorable experiences, whatever your fun, day or night, it’s all in one unforgettable destination. Despite initial cost estimates, according to Echo Entertainment Group CEO, Larry Mullin the final cost was estimated to be around A$961 million. The Star operates eight bars within the complex with a further two outlets designated as bars and another two external independent outlets able to serve alcohol. Not all the restaurants are managed by The Star with a number of outlets being privately managed. The Star’s Harvest Buffet is known for its all you can eat buffet with seafood buffet over the weekend. As in most casinos, the gaming floors of the venue are constantly monitored by a security camera system.
Whether you’re seeking gaming excitement, exceptional dining, or a base for exploring Sydney, The Star Sydney offers something for everyone. Situated on Sydney’s lively Pyrmont Peninsula, The Star Sydney is a landmark of entertainment, luxury, and culture. Opened in 1997, The Star has grown into one of Australia’s premier integrated resorts, featuring a world-class casino, acclaimed restaurants, luxury hotels, and a variety of entertainment options. Its central location at 80 Pyrmont Street, with easy access via light rail, buses, and ferries, ensures convenience for both locals and tourists (The Star Sydney Official Guide). When you feel like you need a break and some luxurious shut eye there’s nowhere better than The Star. It’s home to four unique hotels and residences, including Sydney’s first and only Forbes five-star boutique hotel and urban resort – The Darling. The Star stands out for its fusion of entertainment, luxury, gaming diversity, and prime Sydney location.
Star’s failure, if it comes, would mark the passing of an old guard of Australian casino operators that have been systematically dismantled by the authorities in the past decade. “Poor governance is ultimately a big part of this story,” said Ms Elizabeth Sheedy, a professor at Macquarie University’s business school. “It seems once you run a casino cleanly, it’s not nearly as profitable,” she added. After a series of damning inquiries, Star casinos in New South Wales and Queensland are being overseen by government-appointed caretakers. “Star is continuing to explore all viable options to strengthen our financial position,” CEO Steve McCann said in an e-mailed statement. “We are engaging with our key stakeholders to try concierge and 24h reception ensure the long-term viability of our business.” According to Morningstar, Star is so financially fragile it may not survive beyond February without some kind of lifeline.