Hard Rock International releases statement denying Star Entertainment interest
Star Entertainment Group said it had received confirmed interest from several parties about potential transactions, including Hard Rock Hotel and Resorts (Pacific).
Hard Rock International has released a statement denying the report from Star Entertainment Group regarding potential transactions between the companies. Star Entertainment reported early May 20 that it had received interest from multiple external parties in relation to potential transactions, naming Hard Rock Hotel and Resorts (Pacific) as one of the companies.
Hard Rock International stated in a press release, “We want to make it clear that Hard Rock International is not involved in, nor has it authorized, any discussions, activities or negotiations on its behalf in connection with a proposed bid for Star.
“Hard Rock International has similarly not authorized the use of the Hard Rock brand in connection with any proposed bid for Star by any third party.”
The news comes after several months of regulatory challenges and executive changes for Star Entertainment, with the departure of Chairman David Foster having come in April 2024. In March, the operator lost both its CEO and CFO and saw net revenue fall 14.6% in its H1 2024 report.
In April, the operator also faced allegations of misconduct following investigations by the NSW Independent Casino Commission, with Gold Coast CEO Jessica Mellor resigning less than a week later.
Hard Rock International also went on to state in the press release, “Our brand is built on a legacy of integrity, excellence and a commitment to our guests, partners and team members worldwide.
“Any misuse of the Hard Rock name in unauthorized business dealings is taken very seriously. We are currently investigating this matter and will pursue all necessary legal actions to protect our brand and reputation.”
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
