Hard Rock Denies Takeover Bid for Australian Casino The Star

Reports pertaining to a purchase attempt for Australian casino operator The Star have been refuted by Hard Rock International.

This occurs just hours after The Star reported that a group that might be connected to Hard Rock had expressed “inbound interest” to it.

Hard Rock flatly denied being involved in any conversations or negotiations about making a bid for The Star in a statement released late on Monday.

In addition, the company declared that it has forbidden any third party from using its brand in connection with a possible acquisition.

The Star’s share price increased significantly on Monday after the firm filed for bankruptcy, and this clarification comes after that.

“Confidential, unsolicited, preliminary, and non-binding” was how The Star characterized the purported interest. Meaningful talks, they claimed, had not occurred, but “inbound interest” had been received from “a consortium of investors, which includes the entity Hard Rock Hotels & Resorts (Pacific).”

Interestingly, the Star acknowledged that they had not gotten a direct proposal from Hard Rock Hotels and Casinos.

To protect its name and reputation, Hard Rock International is getting ready to file a lawsuit.

The company is treating the matter seriously. Any improper use of the company’s name in commercial endeavors is vehemently opposed by the company.

Original Story by: Asian Gaming Brief