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Star negotiates with Salter Brothers for long-term $750m refinancing

Zoe Samios and Anthony Macdonald

Updated Mar 10, 2025 – 7.30pm, first published at 8.38am

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Star Entertainment is negotiating with a property funds management giant that owns a string of major hotels for a $750 million refinancing package that would secure the ailing casino group’s long-term financial future.

While Star has pointed to an unnamed party as key to its survival, it has not provided any details as it continues to negotiate a deal. The Australian Financial Review can reveal that this prospective financier is Salter Brothers, led by wealthy businessmen Paul and Robert Salter and backed by offshore funds. It has until March 18 to finalise the funding package.

Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian.

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.