The news: The American giant of the Bally game wrote in Star Entertainment offering another rescue agreement to the besieged casino operator, reported the Australian and Australian financial review newspapers.
The figures: Bally would inject a minimum of $ 250 million in Star and would also seek to use its expertise in the return of failing casinos to save the Australian debt company. Star signed an ease of loan of $ 250 million on the bridge Friday evening and also accepted the sale of its participation in the Queen’s Wharf Casino district in Brisbane in its Hong Kong Partners Chow Tai Fook and the Far East Consortium.
The context: The American casino giant wrote to Star Entertainment offering a company takeover offer, according to reports.
“To be clear, we remain very open to discuss a larger transaction according to our discussions concerning the liquidity of Star and capital needs,” said Bally CEO of Bally. “We would also be happy to explore alternative structures that would also preserve the value of all key constituents, including regulators, creditors, shares and employees.”
Star Entertainment’s actions were automatically suspended from negotiation after the company did not file its half -year report before the deadline last month.