Star Entertainment is considering a $157 million cash injection proposal from U.S. casino operator Bally’s Corp., which is seeking to take a controlling interest in the embattled Australian company.
Hong Kong billionaire Henry Cheng’s Chow Tai Fook Enterprises and tycoon David Chiu’s Far East Consortium had rescued cash-strapped Star Entertainment Group from the brink of collapse after agreeing to buy the Australian casino operator’s stake in a Brisbane property.
One of the biggest victims of the tariff selloff, Tesla stock’s post-election rally now stands at less than 4% after once enjoying a 90% gain.
WiseTech Global on Wednesday appointed its founder Richard White as executive chairman, enabling the tycoon to take back control of the Australian freight-software company four months after quitting as CEO.
The WA-headquartered Minderoo Foundation, founded by the billionaire Forrest family in 2001, has given $25 million to aid the Ukrainian people and support the country’s fight for sovereignty against Russia.
Clive Palmer, the billionaire famous for plans to rebuild the original Titanic ship to scale, is trying to bring Donald Trump’s politics to Australia.
Checks of $5,000 to all taxpayers using DOGE savings was proposed by a reported DOGE adviser.
Elon Musk’s political activities and foreign business interests have converged as he takes center stage in the second Trump administration.
Seoul-based FuriosaAI was founded in 2017 and is led by June Paik, who previously worked at Samsung Electronics and AMD.
The dispute between arguably the two biggest names in generative artificial intelligence—billionaires Sam Altman and Elon Musk—received a new wrinkle Monday as Musk made a nearly $100 billion offer to buy the non-profit entity controlling Altman’s OpenAI, according to The Wall Street Journal.