Reported 1 day ago
Australia's Star Entertainment is exploring a refinancing opportunity with U.S. casino group Bally's Corp after a failed A$940 million proposal from Salter Brothers Capital. The company's financial struggles and regulatory issues have led to a suspension of its shares, with reports indicating it has only a week of cash left to operate. Star's attempts to meet liquidity needs through the Salter proposal fell short, prompting the search for alternative support from Bally's.
Source: YAHOO