Overview

• Star Entertainment has finalized a $300 million refinancing deal to avoid collapse, with Bally's Corporation taking control of the company.
• Bally's will contribute $250 million as part of the agreement, providing critical funds to meet Star's financial obligations.
• Star's largest shareholder, Bruce Mathieson, will invest an additional $50 million to support the company's stabilization efforts.
• The deal follows the collapse of previous refinancing talks with Salter Brothers earlier in April 2025.
• This development marks a pivotal step in Star's recovery, though the company still faces regulatory scrutiny and industry challenges.