Hard Rock Puts Down Rumours Of Star Entertainment Acquisition

Hard Rock International has issued a clear and unequivocal statement denying any involvement in a proposed bid to acquire the Australian casino operator, Star Entertainment Group. The announcement comes on the heels of reports suggesting that a consortium of investors, including an entity associated with Hard Rock Hotels & Resorts, had expressed interest in acquiring Star Entertainment.

In a press release, Hard Rock International categorically stated that it is “not involved in, nor has it authorized, any discussions, activities or negotiations on its behalf in connection with a proposed bid for Star.” The company went on to emphasize that it has not authorized the use of the Hard Rock brand in connection with any such proposed acquisition. This firm denial from Hard Rock serves to dispel the rumors and speculation that had been swirling around a potential takeover.

Prior to Hard Rock’s statement, Star Entertainment Group had acknowledged the existence of “inbound interest” from a consortium of investors that included the entity Hard Rock Hotels & Resorts (Pacific). However, the Australian operator was quick to clarify that the nature of this interest had been “confidential, unsolicited, preliminary and non-binding.” Star Entertainment also reiterated its focus on ongoing remediation activities in New South Wales and Queensland, as well as its participation in the Bell Two Inquiry.