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US casino giant buys out Star Entertainment for $300 million
Автор: Sky News Australia
Загружено: 2025-04-07
Просмотров: 2743
Описание:
Star Entertainment has avoided administration as it signs a $300 million takeover deal from US-based Bally's Corporation.
The Star has been under financial strain after regulators sued the group over allegations of money laundering and misconduct.
Under the proposal, the US casino operator will invest $250 million, which will allow the Star to meet its financial obligations.
Bally's will need to receive approval from the Foreign Investment Review Board before the takeover can be finalised.
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