Market Chatter: Brisbane Broncos Grants Star Entertainment Sponsorship Reprieve

MT Newswires Live

02-03

Brisbane Broncos (ASX:BBL) has given Star Entertainment Group (ASX:SGR) a reprieve in relation to the latter's sponsorship payment, the Australian Financial Review reported on Jan. 31, citing unnamed sources.

The cash-strapped casino operator has been approved to make payments in four tranches after its latest deadline expired on Jan. 31, per the report. That deadline has been moved to this week. Star Entertainment has a five-year deal as sponsor of the National Rugby League signed in 2022, valued at AU$1.5 million per season.

Most recently, the company disclosed that it will sell assets within its Star Sydney complex to Foundation Theatres for AU$60 million amid financial woes.

Brisbane Broncos and Star Entertainment did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BBL.AU","symbol_name":"BRISBANE BRONCOS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2508564431","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508564431","pubTimestamp":1738533368,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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That deadline has been moved to this week. Star Entertainment has a five-year deal as sponsor of the National Rugby League signed in 2022, valued at AU$1.5 million per season.Most recently, the company disclosed that it will sell assets within its Star Sydney complex to Foundation Theatres for AU$60 million amid financial woes.Brisbane Broncos and Star Entertainment did not immediately respond to requests for comment from MT Newswires.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}