Australia's Star fails to secure Salter Brothers loan, eyes Bally's previous lifeline

Reuters

04-02

Australia's Star fails to secure Salter Brothers loan, eyes Bally's previous lifeline

April 2 (Reuters) - Australian casino operator Star Entertainment SGR.AX said on Wednesday that its refinancing proposal with investment group Salter Brothers Capital worth up to A$940 million ($590.70 million) has now been withdrawn.

The cash-strapped firm continues to be unable to lodge its half-year results and added that it is now exploring a previously made refinancing solution with U.S. casino group Bally's Corp BALY.N.

($1 = 1.5913 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Alan Barona)

((Shivangi.Lahiri@thomsonreuters.com))

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