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Savannah Meacham

Casino giant rescues Star from brink of folding: report

Star Entertainment Bally Corporation Entertainment

Star Entertainment will reportedly come under control of a US giant after teetering on the brink. (Russell Freeman/AAP PHOTOS)

Star Entertainment has struck a $300 million deal with a United States casino giant to stave off financial collapse after teetering on the brink for months.

The embattled casino operator's board has agreed to hand control of the group to Bally's Corporation to avoid going belly up, the Australian Financial Review reports.

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One subscription that gives you access to news from hundreds of sites

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