Gaming company Star Entertainment Group has secured a $200 million lifeline from lenders to help it through financial challenges.
In a note posted to the Australian Stock Exchange (ASX) last night, the group said it’s been provided two lots of $100 million.
The first tranche is expected to be available, subject to conditions, from the end of October through to December 20.
Revealed: The Australian states and territories spending the most on gambling
The second lot would require Star to meet tougher conditions.
The company’s current $450 million debt facility has been reduced to $334 million.
Earlier this month, Star, which…