Overview

• Star Entertainment has received an initial AU$100 million from a AU$300 million financial rescue package led by Bally's Corporation and the Mathieson family.
• The agreement, pending regulatory and shareholder approval, is designed to stabilize Star's operations and prevent a fire sale of assets in the event of bankruptcy.
• Once fully implemented, the deal will give Bally's and the Mathieson family approximately 56% control of Star's issued capital through convertible notes.
• The rescue package ensures 15 months of operational funding, allowing time for regulatory and investor approvals to secure the remaining investment.
• Bally's plans to refocus Star Entertainment on the domestic Australian gaming market, moving away from reliance on attracting overseas high-rollers.