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Star Entertainment’s Board is expected to recommend the takeover proposal and present it for approval by the company’s shareholders.

Protestors flooded Bangkok’s streets voicing opposition to the recently passed bill, which aims to establish integrated resorts featuring casinos.

Star is now weighing an alternative arrangement with US gaming giant Bally’s Corporation, which seeks a controlling stake in the casino operator.

While Macau’s March GGR is on a positive trajectory, it is a slight decline from February’s MOP19.75 billion and fell short of forecasts.

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The venue is projected to establish 100 onsite job opportunities, with indirect jobs anticipated from the tourism and hospitality sector expansion.

The new draft bill, passed on March 27th, will still go through several stages of discussion and approval before it officially becomes law.

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The study was conducted by NIDA and involved over 1,300 respondents, most of whom were concerned about the project's potential risks.

The endorsement comes with a pledge by Mr. Mathieson to increase his stake in the group by AU$50 million (US$31.24 million) if the deal goes through.