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Bally's Corporation's $300 million investment in Star Entertainment Group at risk due to potential AUSTRAC penalty.

Jul 06, 2025•12 months ago

Contract Type

partnership

ProvidenceGamingSportsGamblingCasino

Description

Bally's Corporation may withdraw its AU$300 million investment plan for Star Entertainment Group if AUSTRAC imposes a significant fine that jeopardizes Star's solvency. The investment includes a mix of convertible notes and subordinated debt, with Bally's holding a 38% stake contingent on the deal's approval.

Company Information

Company

Bally’s Intralot

Location

Providence, Rhode Island, United States

About

Bally’s Intralot was established through the merger of Intralot, a Greek lottery company, and Bally’s Corporation, a US casino operator. The company focuses on delivering diverse gaming solutions worldwide. Bally’s Intralot combines both companies' expertise in lottery and gaming sectors.

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