Star Entertainment gets lifeline offer of up to $592 million amid cash crunch

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Star Entertainment said it has received a refinancing proposal with potential to provide debt funding of up A$940 million ($592 million) and an A$250 million bridging facility in a last-ditch effort to shore up the cash-strapped casino group. Australia's Star has been navigating mounting pressures to avoid voluntary administration, and its ASX-listed shares have been suspended because it has not published half-year results. The embattled company said on Friday it was pursuing other short-term

Star Entertainment gets lifeline offer of up to $592 million amid cash crunch https://www.channelnewsasia.com/ - 07.03.2025 15:26

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Star Entertainment gets lifeline offer of up to $592 million amid cash crunch https://www.channelnewsasia.com/ - 07.03.2025 15:26