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Star funding deal done, now to prevent a white elephant

Star Entertainment’s directors will get over one hurdle, only to face the next. Such is the life of a casino operator in 2024.

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Star Entertainment will live to fight another day.

After a four-week kerfuffle, Star’s lenders coughed up another $100 million to get through a near-term liquidity crunch, and Queensland came to the rescue with tax relief. Binding documents were flying around on Wednesday afternoon.

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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/star-funding-deal-done-now-to-prevent-a-white-elephant-20240925-p5kda4