Gold Coast nightlife figure Tony Rigas has declared bankruptcy after debts of more than $1.5 million, following the collapse of his cabaret businesses and mounting financial pressures.
Records show Rigas filed for bankruptcy in November 2025, with much of the debt tied to personal guarantees linked to the Pink Flamingo entertainment venues on the Gold Coast and in Brisbane, which entered liquidation in 2024 and 2025.
In his statement of affairs, Rigas cited a combination of financial pressures including “excessive borrowing/credit, unemployment, marriage/relationship breakdown and legal action or potential legal action.”
His liabilities include more than $428,000 owed to the Australian Taxation Office, along with significant debts to contractors and lenders.
Rigas said the situation arose after creditors pursued him personally as a guarantor on business debts.
Despite the financial setback, Rigas told the Courier Mail he remained proud of the entertainment ventures and the opportunities they created.
“This is obviously a difficult chapter in my life, but it doesn’t take away from the work that was built or the people who were part of that journey,” he said.
Source: Courier Mail
