At The Star Entertainment’s general meeting earlier today, the shareholders voted overwhelmingly in favour of accepting the AU$300m (US$196m) investment from Bally’s.
All three resolutions of the agreement were carried with at least 98 per cent of the vote.
It is expected that the investment will prevent the company from falling into bankruptcy.
The Star is Australia’s second-largest casino operator, which has been thrown into a difficult financial situation following a series of investigations and fines over misconduct.
