Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Instagram Outage Disrupts Thousands of U.S. Users 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Shares of Star Entertainment Group Ltd (ASX:SGR) surged 13.6% to A$0.13 on Monday after confirming negotiations to sell its 50% stake in the Destination Brisbane Joint Venture (DBC). The casino operator has received multiple non-binding offers from Chow Tai Fook Jewellery Group Ltd (HK:1929) and Far East Consortium International Ltd (HK:0035) but has yet to accept any, citing insufficient value.
Despite the stock rally, Star Entertainment’s financial health remains under strain. The company reiterated its liquidity challenges, stating that while it continues to explore funding solutions, no definitive agreements have been reached. The firm warned that without securing additional financing, there is "material uncertainty" regarding its ability to continue as a going concern.
Star Entertainment has been grappling with regulatory scrutiny, hefty fines, and weak earnings, further exacerbated by operational restrictions at its Sydney casino. These limitations have significantly impacted revenue and cash flow, deepening the company’s financial difficulties.
While investors responded positively to the potential stake sale, Star’s long-term outlook remains uncertain as it seeks to overcome regulatory pressures and liquidity constraints.
