Tag: Refinancing

Yesterday (2 April) distressed operator Star Entertainment announced that negotiations have fallen through on a massive refinancing proposal. As a result, the company is back in takeover talks with Bally's Corp. Star said in an ASX filing Wednesday that the proposal, tendered by Salter Brothers, has been withdrawn. The proposal, first announced on 7 March

The Star Entertainment Group, an Australian casino and hospitality operator, confirmed that it has given investment firm Salter Brothers Capital (SBC) a few extra days to complete its refinancing offer. This comes amid continued financial struggles for the embattled gambling operator. The Deadline Has Been Extended The latest announcement is related to The Star’s ASX