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AAP
AAP
Derek Rose

Battling casino group hopeful chips will fall its way

Regulators have signed off on a $300m rescue package for the troubled Star Entertainment Group. (Jason O'BRIEN/AAP PHOTOS)

A troubled gaming group that owns some of the nation's biggest casinos believes its financial woes should improve within days, although a collapse remains a real possibility.

Regulators on Friday signed off on a $300 million rescue package by US-based Bally's Corp and pub baron Bruce Mathieson's investment vehicle for Star Entertainment Group, and the deal is expected to convert to equity within days.

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