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How Star’s ‘buyer of last resort’ entered its orbit at a meeting in New York

Star Entertainment looked everywhere for funds in recent months, just not the place it would end up attracting a bid. Why not? It stretches back to a meeting six months ago.

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Three days after Star Entertainment’s board wrapped up a months-long scramble for funds, a fresh bid landed.

This new bid could in theory keep the company together, get it a quick $250 million to help with the near-term liquidity crunch, and allow Star shareholders to chip into the recapitalisation.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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    Original URL: https://www.afr.com/chanticleer/how-star-s-buyer-of-last-resort-entered-its-orbit-at-a-meeting-in-new-york-20250310-p5libg