1 The Star ASX:SGR casino chases cash to fend off insolvency
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Exceedingly sophisticated, The Star casino has been designed to anticipate the desires of every player who sets foot inside. This establishment manages to strike a careful balance after mingling the excitement of gambling and the dynamic vibe particular to Sydney. Seek out the signature, celebrated entertainment of The Star or feel free to try something private. In January, the operator sounded the alarm that it was bleeding cash and had limited time left to secure a lifeline. That then kicked off a frenzied search for lenders and refinancing deals before the Ballys-Mathieson deal was ultimately agreed to. With reports suggesting that The Star could run out of cash as soon as this weekend, [blackcoin.co](https://blackcoin.co/we-tested-50-aussie-online-casinos-these-paid-real-money/) The Star scrambled to find quick cash. Along with Chow Tai Fook and Far East, the company announced that it secured a A$250 million loan from New York-based alternative investment giant King Street Capital Management.