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Star Entertainment wins $200 million lifeline in bid to keep Sydney casino licence

Pelican Press

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Star Entertainment wins $200 million lifeline in bid to keep Sydney casino licence

Star Entertainment won a new $200 million debt facility, a vital but expensive lifeline for the struggling *********** gaming company as it fights to keep its Sydney casino licence.

After weeks of negotiations, Star said on Thursday that corporate lenders had agreed to provide the funds in two equal tranches, with the first expected to be available from the end of October. The annual interest rate is 13.5 per cent.



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#Star #Entertainment #wins #million #lifeline #bid #Sydney #casino #licence

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