Star Wins A$200 Million Lifeline in Bid to Keep Main Casino.

Star Entertainment Group Ltd. has secured a new A$200 million debt facility from corporate lenders, providing a lifeline for the struggling Australian gaming company as it fights to keep its Sydney casino license. The funds come with an annual interest rate of 13.5% and will be available in two equal tranches, with the first expected at the end of October. The company's existing A$450 million facility has also been reset, with the limit reduced to A$334 million. The agreement allows Star to report its delayed full-year results and resume trading, although it is expected to report its third straight annual loss. [Extracted from the article]