FILE PHOTO: Illustration shows Star Entertainment logo Star Entertainment logo is seen in this illustration taken, April 23, 2024. REUTERS/Dado Ruvic/Illustration
SYDENY: Star Entertainment Group Ltd received a potential lifeline from alternative asset manager Oaktree Capital Management, which offered to refinance A$650mil (US$413mil) of the struggling Australian casino operator’s debt.
Star has been racing to raise capital after last month warning its future as a viable business is in doubt as it runs short of cash.
