GENERAL NEWS
Casino and leisure operator Star Entertainment has been suspended from trading after failing to lodge its financial report on time, as its cash reserves run dry...
The company’s future is in doubt after reports emerged over the weekend that Star told lenders it had one week of cash left...
Star bought more time in January when it sold the Star Sydney Event Centre and other additional spaces within The Star Sydney complex to...
The fire sale was prompted by revelations from the company that it had $78 million left as at December 31 2024, after spending more than...
The asset sales are part of the group’s recapitalisation strategy as revenue continues to decline and the group is facing a $1.6 billion debt for...
Although it is believed that Star’s joint venture partners could buyout its share in the Queens’s Wharf project...
Star warns “there remains material uncertainty as to the group’s ability to continue as a going concern.”...
The company said in a statement that that is unlikely to be in a position to lodge its financial report, unless it has secured refinancing...