Star Entertainment secures $200 million bailout

Star Entertainment has secured a $200 million financial bailout package.

Lenders have stepped in, offering two injections of $100 million, the first of which will be available from October.

The first tranche will cover urgent cost blowouts at Star's Queen Wharf Casino in Brisbane.

The second tranche would be subject to the Star group raising at least $150 million from other sources.

The casino group remains in talks with the Queensland government over what is expected to be more than $60 million in tax relief.

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