Star Entertainment has failed to secure a $940 million lifeline to cover its eye-watering debts, throwing the future of the casino operator and 9000 jobs into question.
The Star announced in March it had entered into an exclusivity and process deed with property development fund Salter Brothers Capital for the deal, which had “sufficient liquidity” to cover the group’s arrears.
“The Star has continued to work diligently with Salter Brothers Capital in relation to the Refinancing Proposal,” the company said in an ASX announcement on Wednesday.
“But (it) has not received a binding debt commitment letter…
