Star Entertainment Faces $250M Bailout Offer from Bally’s Amid Financial Struggles

The Australian casino operator is evaluating a last-minute proposal from the U.S. gaming giant as it battles debt and regulatory challenges.

Bally’s Corporation has offered a $250 million capital injection in exchange for a 50.1% controlling stake in Star Entertainment.
Star recently secured a $53 million deal to sell its stake in Brisbane’s Queen’s Wharf project to Hong Kong investors, providing temporary financial relief.
The company is also pursuing additional refinancing options, including a $940 million debt facility and a $250 million bridging loan from King Street Capital.
Regulatory penalties, including potential fines exceeding $300 million for money laundering violations, continue to strain Star’s financial viability.
Star’s board is weighing the Bally’s proposal as an alternative to its existing restructuring plans, with no certainty of acceptance yet.