Star Entertainment has failed to secure a $750 million lifeline from Salter Brothers, putting the operator of casinos and hotels in Sydney, Brisbane and the Gold Coast at risk of collapse for the third time in three months.
The Australian Financial Review first reported the failure of discussions with Salter Brothers, an asset manager specialising in real estate, on Wednesday morning. Star subsequently confirmed that discussions had ended.
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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
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
