Australia's Star Entertainment agrees to take-control offer from Bally's, AFR reports
ReutersApr 7, 2025 1:22 AM
April 7 (Reuters) - Australia's Star Entertainment SGR.AX has agreed to a refinancing deal, which would see U.S. peer Bally's BALY.N take control of the embattled casino operator, the Australian Financial Review (AFR) reported on Monday.
Under the deal, Bally's will invest about A$250 million ($149.8 million) while Star's largest shareholder, billionaire Bruce Mathieson would provide more than A$50 million, the AFR said, citing three sources with knowledge of the matter.
($1 = 1.6694 Australian dollars)
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