Bally's Offers Star $157 Million Cash Injection, Australian Says
US casino group Bally's Corp. has made a last-minute bid to recapitalize Star Entertainment Group Ltd., the Australian newspaper reported.
Bally's would inject a minimum of A$250 million ($157 million) into Star, according to a letter sent to Chair Anne Ward on Monday morning, the paper reported. The offer would upend a deal Star struck Friday to sell its stake in its newly opened Brisbane casino to its Hong Kong partners for A$53 million.
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