Troubled Star Entertainment Gets $650m Lifeline from US Firm
The Star Entertainment Group, one of Australia’s largest and most prominent casino operators, has been granted a much-needed $650m lifeline from American investment giant Oaktree Capital Management. The offer comes as the Sydney-based casino group grapples with severe financial turmoil, compounded by liquidity pressures, diminishing cash flow, and a tumbling share price, which has created…