Reported 1 day ago
Australia's Star Entertainment is on the brink of bankruptcy, struggling with debt and a series of money laundering allegations. The U.S. casino group Bally's has offered A$250 million for more than half of Star's shares as the company tries to stay afloat amidst regulatory scrutiny, a management exodus, and the impacts of COVID-19. A timeline of events shows ongoing investigations and penalties that have severely impacted Star's operations, including failing to comply with anti-money laundering laws.
Source: YAHOO