Reported about 19 hours ago
Star Entertainment has accepted a refinancing deal allowing U.S. company Bally's to take control, according to the Australian Financial Review. Bally's will invest around A$250 million, while major shareholder Bruce Mathieson contributes over A$50 million. Star, facing bankruptcy due to regulatory issues and money laundering allegations, has seen its shares suspended from trading, as it struggles to submit its half-year results.
Source: YAHOO