{"id":2883,"date":"2025-06-25T13:54:54","date_gmt":"2025-06-25T13:54:54","guid":{"rendered":"http:\/\/opiniao-publica24-7.com\/?p=2883"},"modified":"2025-06-25T15:33:05","modified_gmt":"2025-06-25T15:33:05","slug":"ballys-saves-falling-star-again-with-au300m-rescue-package","status":"publish","type":"post","link":"http:\/\/opiniao-publica24-7.com\/index.php\/2025\/06\/25\/ballys-saves-falling-star-again-with-au300m-rescue-package\/","title":{"rendered":"Bally\u2019s Saves Falling Star Again With AU$300m Rescue Package"},"content":{"rendered":"

The post Bally\u2019s Saves Falling Star Again With AU$300m Rescue Package<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n

<\/div>\n

Bally\u2019s to the rescue, again<\/h2>\n

US gambling giant Bally\u2019s has once again bailed out troubled Australian casino firm The Star Entertainment Group Ltd with a significant rescue package.\u00a0<\/p>\n

\n

cash injection that allows the firm to continue operating<\/p>\n<\/blockquote>\n

On Wednesday, shareholders for Star\u2019s casino operations in Brisbane, Sydney, and Queensland approved an AU$300m ($195m) cash injection that allows the firm to continue operating.\u00a0<\/p>\n

Star\u2019s largest shareholder, Aussie conglomerate Investment Holdings, agreed to pony up AU$100m ($64m) to the aggregate amount, leaving Bally\u2019s to pick up the lion\u2019s share ($131m) of the capital needed to keep Star afloat.\u00a0\u00a0<\/p>\n

Clock ticking<\/h2>\n

Star\u2019s financial troubles were exacerbated in June by financial watchdog AUSTRAC, which wanted the company to pay a penalty of AU$400m ($259m) for multiple regulatory failures.\u00a0<\/p>\n

Star, however, pleaded poverty, stating it just doesn\u2019t have that much money<\/a>. Previously in April, Bally\u2019s announced an AU$250m ($150.3m) acquisition of Star, saving the Aussie firm from financial collapse. The move was a lifeline for Star, saving around 9,000 jobs<\/a>.<\/p>\n

On Wednesday, Star chairperson Anne Ward stated that the latest rescue packages from Bally\u2019s and other entities helped her firm \u201cavoid outcomes such as voluntary administration.\u201d<\/p>\n

The Bally\u2019s bailout consists of, according to GGR Asia<\/em>: \u201cmulti-tranche convertible notes and subordinated debt instruments.\u201d<\/a> When this transaction is enacted, Bally\u2019s share of Star will reportedly exceed 50%.\u00a0<\/p>\n

Biting at the bit<\/h2>\n

Despite shelling out extra millions, Bally\u2019s Chairman Soo Kim is looking to the future.\u00a0<\/p>\n

\u201cWe look forward to the completion of our probity review so that we can get on with the critical mission to put The Star on a sustainable path,\u201d Kim stated.\u00a0<\/p>\n

The post Bally\u2019s Saves Falling Star Again With AU$300m Rescue Package<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The post Bally\u2019s Saves Falling Star Again With AU$300m Rescue Package appeared first on Vegas Slots Online News. Bally\u2019s to the rescue, again US gambling giant Bally\u2019s has once again bailed out troubled Australian casino…<\/p>\n

Continue Reading “Bally\u2019s Saves Falling Star Again With AU$300m Rescue Package”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/posts\/2883"}],"collection":[{"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/comments?post=2883"}],"version-history":[{"count":1,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/posts\/2883\/revisions"}],"predecessor-version":[{"id":2884,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/posts\/2883\/revisions\/2884"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/media\/2844"}],"wp:attachment":[{"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/media?parent=2883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/categories?post=2883"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/tags?post=2883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}