<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Star Entertainment remains on the brink of collapse after a $940 million funding deal to secure the company's future fell through.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The casino operator confirmed this morning that talks with local investment managers Salter Brothers over a potential refinancing agreement have broken down because it did not believe it could meet the requirements of a deal in time to save the company.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The Star has continued to work diligently with Salter Brothers Capital in relation to the refinancing proposal but has not received a binding debt commitment letter and the refinancing proposal has now been withdrawn," the Star said in a statement to the ASX this morning.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/gold-prices-hit-record-high-5000-dollars-an-ounce/c90bcc71-3a16-4c25-b92b-a74025eb92bc"><strong><span>Gold prices hit record high amid Trump-era economic uncertainty</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The withdrawal of the refinancing proposal follows extensive engagement by The Star with Salter Brothers Capital and relevant third parties, including state governments and regulators.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"As a result of that engagement, it became apparent that it was unlikely that a number of the conditions precedent to the refinancing proposal would be able to be satisfied, either at all or in sufficient time to address the current liquidity needs of the company."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The collapse of those talks leaves a </span><a href="https://www.9news.com.au/finance/star-entertainment-us-casino-giant-extends-last-minute-250m-funding-offer/3c944fe1-71da-425d-bb0a-0b5bc0546077" rel="" target="" title="$250 million cash injection offer from US casino giant Bally's Corporation"><span>$250 million cash injection offer from US casino giant Bally's Corporation</span></a><span> as one of the last remaining lifelines for the Star.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/star-entertainment-funding-deal-falls-through/efa778c7-f978-45be-93cd-678287decd95" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The company continues to explore liquidity solutions that might materially increase the group's liquidity position in the medium term, including engaging with Bally's Corporation in relation to the proposal received on 10 March 2025," the Star said in its statement.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>EXPLAINED:</span></strong><span> </span><a href="https://www.9news.com.au/world/what-will-trumps-liberation-day-tariffs-mean-for-australia-and-how-should-we-respond/bdaf3ae6-d17a-4dc3-b84e-3f81919a4a2b"><strong><span>Trump's 'Liberation Day' looms: What does it mean for Australia?</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"However, there remains material uncertainty as to the group's ability to continue as a going concern."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The offer, which would result in Bally's taking a 50.1 per cent controlling stake in the company, came after the </span><a href="https://www.9news.com.au/finance/star-entertainment-trading-halt/3985b9bd-93cf-4492-b40e-29dd452ef61d" rel="" target="" title="Star failed to post its half-yearly results on time in late February"><span>Star failed to post its half-yearly results on time in late February</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Its shares have been in a trading halt since then, sitting at a price of 11 cents, a far cry from the heights of above $5 that were reached in 2018.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Star did not say how long it could continue running without a fresh cash injection, although </span><a href="https://www.afr.com/companies/games-and-wagering/star-turns-to-us-casino-giant-bally-s-as-750-million-lifeline-fails-20250331-p5lnvl" rel="" target="_blank" title="The Australian Financial Review reported it may only have enough cash left for as little as a week of operations"><em><span>The</span></em><span> </span><em><span>Australian Financial Review</span></em><span> reported it may only have enough cash left for as little as a week of operations</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The gaming giant employs about 9000 staff across its venues, including casinos in Sydney, Brisbane and the Gold Coast.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>:</span></em></strong><span> </span><em><strong><span>Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications 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