April 2 (Reuters) - Australian casino operator Star Entertainment said on

Wednesday that its refinancing proposal with investment group Salter Brothers Capital worth up

to A$940 million ($590.70 million) has now been withdrawn.

The cash-strapped firm continues to be unable to lodge its half-year results and added that

it is now exploring a previously made refinancing solution with U.S. casino group Bally's Corp

.

($1 = 1.5913 Australian dollars)