Star gets last-minute $250m offer from US casino giant



Star Entertainment has received a last-minute $250 million cash injection from US casino giant Bally's Corporation.

The embattled operator, which runs three casinos in Brisbane, Gold Coast and Sydney, is on the brink of collapse with trading on its shares suspended since the end of February.

The offer would give Star $250 million in capital in exchange for Bally's gaining a 50.1 per cent controlling stake in the company.

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