Reported about 18 hours ago
Australia's Star Entertainment has opened negotiations with Salter Brothers for a debt refinancing proposal of up to A$940 million ($590 million), aimed at preventing financial collapse amidst a prolonged industry downturn. This move follows a similar approach from U.S. firm Bally's Corp, and comes as Star grapples with regulatory challenges and liquidity issues, having had its shares suspended due to unaudited financials.
Source: YAHOO