The rescue deal consists of multi-tranche convertible notes and subordinated debt instruments, Star said in an Australian Securities Exchange filing last week. Once the notes are converted, Bally ...

The embattled Australian casino operator posted an EBITDA loss of A$21 million ($13.6 million) for the three months to March ...

Think of the new Star Entertainment properties as a cross between what they are today and ones that will more closely ...

Thanks to a $300 million cash infusion from the Bally’s Corporation, Australia’s troubled Star Entertainment casino group has been saved. The deal gives Bally’s a 56.7% stake in the company ...

Star Entertainment’s new controlling shareholder says there is still money to be made in gambling but the company had been badly managed for years.

April 7 (Reuters) - Australian casino group Star Entertainment (SGR.AX), opens new tab said on Monday it had agreed to a A$300 million ($179.70 million) rescue package from U.S. group Bally's ...

The American giant has turned around plenty of casinos in the past. Now it is turning its attention to tackling its most ...

Bally’s agrees to infuse The Star with $187 million, including $60.5 million by Wednesday. The U.S. gaming company would receive 56.7% control of the Australian company once the deal is fully ...

SYDNEY (Reuters) - Bally's Corp considered waiting for Star Entertainment to enter voluntary administration before investing but feared the Australian casino group would have been too hard to ...