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Bally's Corporation proposes $250M rescue plan for debt-ridden Australian casino firm Star Entertainment.
US casino giant Bally's Corporation has proposed a $250 million recapitalization plan to save Star Entertainment Group, an Australian casino operator facing potential insolvency due to over $400 million in debts.
The offer would give Bally's a controlling 50.1% stake in Star.
Bally's, known for revitalizing struggling casinos, aims to provide the necessary funding and operational support to help Star recover and stabilize its financial situation.
The deal is not finalized, and discussions are ongoing.
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Bally's Corporation propone un plan de rescate de 250 millones de dólares para la firma australiana Star Entertainment.