Embattled Australian casino operator Star Entertainment has resolved a spat over a luxury super yacht by selling the vessel to the wealthy businessman who sued the company last year for allegedly welching on the deal. The 145-foot Benetti superyacht, The Star, has now been sold to Cypriot financier Roys Poyiadjis after the latter sued the stricken casino operator for attempting to back out of the deal. (Image: BOAT International) Faced with a severe liquidity crisis that threatens its very existence, Star has embarked on a fire sale of assets in an effort to recoup tens of millions of dollars in losses. Among these assets was a 145-foot Benetti superyacht, The Star, which had previously been used to impress high rollers. Star agreed to sell the boat to Platinum Capital Partners, the private investment vehicle of Cypriot financier Roys Poyiadjis, for A$8.6 million (US$5.3 million), according to court documents. Sold Too Cheap? Star purchased the yacht in 2019 for an unknown… Read More
Category: Financial, Benetti superyacht, Platinum Capital Partners, Roys Poyiadjis, star entertainment
Source: Casino.org
