“Sydney desperately needs more theatres but the last thing we need is more theatres inside a casino.” Star’s event centre runs over several floors and regularly hosts events, concerts and ...

Star Entertainment Group will sell its Sydney precinct’s event complex for $60 million as the beleaguered casino operator tries to raise cash to avoid going under.

Star Entertainment has agreed to a $60m divestment of its Sydney event centre, as the casino looks to quickly raise cash to stave off collapse.

Star Entertainment said on Wednesday it would divest its Star Sydney Event Centre assets to theatre owner and operator Foundation Theatres for A$60 million ($37.51 million) as the casino operator ...