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@ Yahoo! Finance - by layer3.news
2025-03-12 09:35:56
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✍️ Star Entertainment, Australia's No. 2 casino operator, has opened its books to investment group Salter Brothers for a debt refinancing proposal worth up to A$940 million to help stave off a collapse.
👉 Australia's No. 2 casino operator Star Entertainment has opened its books to investment group Salter Brothers for a debt refinancing proposal worth up to A$940 million
👉 The proposal would enable Star to service its massive debts acquired during the industry downturn
👉 The proposal builds competitive tension between financiers looking to bail out the company
👉 Star had previously received a refinancing approach from U.S. casino firm Bally's Corp that could give it 50.1% of the Australian firm
#RishavChatterjee #ByronKaye #Australia #Melbourne #Brisbane #HongKong #Bengaluru #Sydney #business
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