Bally’s $300M Star Investment at Risk Over AUSTRAC Penalty
Bally’s Corporation may be forced to pull out of its AU$300 million (US$195 million) rescue plan for Star Entertainment Group if a substantial fine from Australia’s anti-money laundering agency, AUSTRAC, renders the casino operator insolvent. Bally’s chairman, Soo Kim, cautioned that the company’s commitment hinges on Star’s financial stability. Bally’s Star deal uncertain as solvency concerns mount: The proposed […]
Bally’s Corporation may be forced to pull out of its AU$300 million (US$195 million) rescue plan for Star Entertainment Group if a substantial fine from Australia’s anti-money laundering agency, AUSTRAC, renders the casino operator insolvent. Bally’s chairman, Soo Kim, cautioned that the company’s commitment hinges on Star’s financial stability. Bally’s Star deal uncertain as solvency concerns mount: The proposed […]
