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AAP
AAP
Adrian Black

Casino giant lays cards on table to save fading Star

Star's board will decide if a $250m offer could save the casino operator from potential bankruptcy. (Dan Himbrechts/AAP PHOTOS)

Embattled casino operator Star is weighing up a deal that would put a US casino player at the helm, in an eleventh-hour offer that could turn the group's fortunes around.

Bally's Corporation, which owns and operates 19 casinos in 11 US states, has proposed a last-minute $250 million recapitalisation plan in exchange for a controlling, 50.1 per cent minimum stake in the casino operator.

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