Published 2 days ago • loading... • Updated 22 hours ago

Australia’s Star fails to secure Salter Brothers loan, eyes Bally’s previous lifeline

Summary by WTVB

(Reuters) – Australia’s Star Entertainment said on Wednesday that its refinancing proposal with investment group Salter Brothers Capital worth up to A$940 million ($590.70 million) has now been withdrawn. The embattled casino firm said that a number of conditions precedent to the Salter Brothers proposal were unlikely to be satisfied in sufficient time to meet the current liquidity needs of the company, highlighting in particular not meeting the…

15 Articles

All

Left

Center

Right

ABC Australia

Lean Left

Star Entertainment back at risk of collapse as rescue funding deal fails

Casino owner Star is once again searching for a backer after its proposed $750 million deal with investment manager Salter Brothers fell through.

1 day ago·Australia

Read Full Article

9News

Lean Right

Star back on brink of collapse after $940m funding deal talks fail

Star Entertainment remains on the brink of collapse after a $940 million funding deal to secure the company's future fell through.The casino operator confirmed this morning that talks with local investment managers Salter Brothers over a potential refinancing agreement have broken down because it did not believe it could meet the requirements of a deal in time to save the company."The Star has continued to work diligently with Salter Brothers C…

2 days ago·Australia

Read Full Article

The Age

Lean Left

Star Entertainment on the brink again

Star Entertainment is on the brink again with a potential lifeline falling through.

2 days ago·Australia

Read Full Article

WTVB

Center

Australia’s Star fails to secure Salter Brothers loan, eyes Bally’s previous lifeline

2 days ago

Read Full Article

Bloomberg

Reposted by

BizToc

Lean Left

Star’s Survival Hopes Dim as Debt Refinancing Plan Collapses

Star Entertainment Group Ltd.’s hopes of survival took a blow with the collapse of a refinancing proposal that could have provided total debt capacity of as much as A$940 million ($591 million).

2 days ago·United States

Read Full Article

Sydney Morning Herald

Lean Left

Star on the brink again as $940m lifeline falls through

Star Entertainment may have just days to pull off a deal that would stave off collapse, as it teeters on the brink for the third time in as many months.

2 days ago·Sydney, Australia

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year