Bally’s approved to take control of The Star by the end of this week

The Star Entertainment Group has been working with Bally’s Corporation to allow the gaming giant to take over the struggling business by the end of November.

After a substantial wait for the red tape of regulatory approvals by the NSW Independent Casino Commission and Queensland’s Office of Liquor and Gaming Regulation (OLGR), the move has been greenlit.

We reported that the Australian Securities Exchange had approved for Bally’s to step in and bring their expertise to the faltering financials of the group.