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Adrian Black

SHOCKING: Star s chips down as 940m debt deal comes off table - What They Never Told You

Star Entertainment Entertainment United States

The Star Casino is still in a trading halt as the embattled company negotiates a financial lifeline. (Dan Himbrechts/AAP PHOTOS)

Star Entertainment has failed to secure a $940 million lifeline to cover its eye-watering debts, throwing the future of the casino operator and 9000 jobs into question.

The Star announced in March it had entered into an exclusivity and process deed with property development fund Salter Brothers Capital for the deal, which had "sufficient liquidity" to cover the group's arrears.

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