Market Chatter: Brisbane Broncos Grants Star Entertainment Sponsorship Reprieve

MT Newswires Live

Feb 03, 2025

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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.</p><p>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.</p><p>Brisbane Broncos and Star Entertainment did not immediately respond to requests for comment from MT Newswires.</p><p>(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.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGR.AU","symbol_name":"STAR ENTERTAINMENT GRP LTD/T","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,"need_auth":false,"code":"91000000","status":"200"}}}