Feb 17 (Reuters) - Star Entertainment said on

Monday it had received a debt financing proposal from U.S.-based

asset management firm Oaktree Capital Management to provide a

total of A$650 million ($413 million) in two debt facilities

with a five-year term.

The move comes as the troubled casino operator raised

concerns about liquidity and cash last month, with only A$79

million in available cash at the end of the December quarter.

The company is struggling after being hit by multiple

regulatory enquiries into the casino industry, which have led to

casino license suspensions and top executive departures.

Star said the Oaktree proposal is subject to a number of

conditions, including a comprehensive security package and

"intercreditor documentation" which requires consents from the

New South Wales and Queensland state governments and regulators.

"The Board of The Star will consider the proposal," it said,

adding that it continued to explore other possible liquidity

solutions.

($1 = 1.5753 Australian dollars)