The Star entered a trading halt this morning after receiving "a number" of bids from companies interested in taking over the beleagueredIt said Hard Rock Hotels and Casinos hadn't submitted a proposal directly, but that a local partner was part of a consortium that was one of the other interested parties."The Star confirms that it has not received a proposal directly from Hard Rock Hotels and Casinos," a statement from The Star said.
"However, the company has received inbound interest from a number of other external parties regarding potential transactions including a consortium of investors which includes the entity Hard Rock Hotels and Resorts, which The Star understands is a local partner of Hard Rock."At this stage, none of the approaches has resulted in substantive discussions."
The Star went into a trading halt just before 10 am today in response to the reports about Hard Rock's takeover bid.also reported Blackstone, which owns Star's rival Crown, is interested but hasn't submitted a proposal to buy the neighbouring casino operator. The Star is currently under investigation by a second review by the NSW Independent Casino Commission
into its suitability to operate its Sydney casino, less than two years after another probe fined it $100 million and suspended its licence.In addition to its Sydney venue, The Star also runs casinos in Brisbane and the Gold Coast.