Warren Buffett and Stephen Curry Charity Dinner Auction Raises $27 Million for Nonprofits 
Berkshire Hathaway Reveals New Stakes in Delta Air Lines and Macy’s Under Greg Abel 
Standard Chartered Targets Higher Profitability With Major Workforce Cuts 
TSMC Stake Sale Sends Vanguard Semiconductor Shares Lower 
Asia-Pacific Banks Brace for Rising Credit Risks Amid Iran Conflict 
Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates 
Samsung Strike Talks Resume as South Korea Weighs Emergency Action 
FTC Antitrust Probe Targets Arm Holdings Over Chip Licensing Practices 
Standard Chartered Appoints Manus Costello as New CFO Amid Leadership Reshuffle 
US-China Trade Talks Sideline Chip Export Controls as Nvidia China Sales Draw Attention 
Samsung Faces Major Strike Threat as Union Restarts Pay Talks 
BlackRock-Led GCC Infrastructure Partnership Targets $30 Billion Investment 
Google, Blackstone Launch $5B AI Cloud Venture to Challenge Nvidia and CoreWeave 
CXMT Forecasts Record Revenue Growth as Global DRAM Prices Surge 
Elliott Targets Bio-Rad as Shares Continue to Struggle 
Honda Shares Jump as Automaker Forecasts Profit Recovery Despite Historic Loss 
Australia's troubled casino operator Star Entertainment Group has locked in a binding $390 million refinancing commitment from funds linked to U.S.-based private credit firm WhiteHawk Capital Partners, offering the company a critical financial lifeline as it works to stabilize its balance sheet.
The deal, announced Monday, follows an in-principle agreement reached in late February and comes just ahead of a March 31 deadline set under a lender waiver tied to financial covenants that expired on December 31, 2025. Star must finalize the refinancing no later than May 15 to avoid defaulting on its existing obligations.
The three-year facility will fully replace Star's current group debt while providing additional working capital to support daily operations. Terms of the deal require the company to maintain minimum liquidity of A$50 million in the first year, increasing to A$100 million over time.
Marc Jocum, senior product and investment strategist at Global X ETFs, described the refinancing as essential breathing room for the embattled operator, noting it eliminates near-term default risk and gives management the runway needed to shift focus from survival toward execution. However, he cautioned that deeper challenges remain unresolved, including potential AUSTRAC penalties, a suspended Sydney casino licence, and continued softness in revenue.
Star has faced mounting pressure in recent years following multiple regulatory inquiries that uncovered serious compliance failures across its casino operations. The fallout triggered fines, tighter oversight, and operational restrictions that have weighed heavily on earnings and cash flow, pushing the company to pursue repeated covenant waivers, asset sales, and fresh financing arrangements.
Despite the positive refinancing news, Star's shares fell around 4% on Monday, compared to a roughly 1% decline in the broader ASX200 index, reflecting lingering investor concern over the company's long-term financial recovery.
