Bally's swooped for Star after Australian casino group's fire sale, chairman says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 14 2025
0mins
Should l Buy BX?
Source: Reuters
Bally's Corp Investment in Star Entertainment: Bally's Corp has initiated a A$300 million rescue package for Star Entertainment, which is struggling with debt and regulatory issues. The initial A$100 million will help keep Star operational for 15 months while awaiting full investment approval.
Strategic Shift and Future Plans: Bally's plans to refocus Star on Australian gaming customers rather than attracting international high-rollers, as it prepares for potential control of Star pending shareholder approval.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 114.990
Low
166.00
Averages
176.60
High
205.00
Current: 114.990
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- High-Risk Alerts: The bankruptcies of First Brands and Tricolor prompted JPMorgan CEO Jamie Dimon to warn of potential systemic issues in private credit, highlighting vulnerabilities within the sector.
- Investor Structure Shift: Unlike the depositors during the 2008 crisis, the current investor base for private credit consists mainly of institutional investors such as pensions and sovereign wealth funds, which are more capable of locking up capital for extended periods, thereby reducing systemic risk.
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