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The stand-off that blew up Star’s super-sized debt deal

Nearly a month of exclusive negotiations to save the casino giant have failed – and now it is over to Plan B. The clock is ticking louder than ever.

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Star Entertainment’s Plan A is dead.

It couldn’t fix a company-threatening liquidity problem by borrowing more debt, so is belatedly going with Plan B and the equity route.

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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/the-stand-off-that-blew-up-star-s-super-sized-debt-deal-20250402-p5lofx