Star Entertainment close to collapse with casino group set to run out of cash before the weekend
Star Entertainment close to collapse with casino group set to run out of cash before the weekend
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Star close to collapse with casino group set to run out of cash by Friday
In short:
Star Entertainment could enter administration on Wednesday with the company set to run out of cash by the end of the week.
The struggling casino operator was suspended from trade on the ASX on Monday.
What's next?"
Star's CEO Steve McCann is still searching for a deal to refinance the company's loans to prevent it from collapsing.