Star Entertainment’s shares will remain suspended for at least another week as the casino operator’s chief executive, Steve McCann, tries to secure the last of a series of deals critical for the company to stay solvent.
On Friday, the struggling group announced three major transactions with the potential to transform the company’s financial viability: the sale of its 50 per cent stake in the newly opened Brisbane complex, a $250 million bridge loan and a potential $750 million refinancing from an unnamed party.
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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. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
