Star Entertainment’s Future Hangs on Last-Minute Funding
- Star expects one or more liquidity proposals on Friday
- Directors have been unable to sign off on Star’s accounts
Struggling casino operator Star Entertainment Group Ltd. is counting on a last-minute funding proposal to avoid collapse after being unable to sign off on its own accounts.
Star expects to receive at least one offer at some point on Friday, it said in a statement. Any proposal needs to be large enough to keep the company afloat, and carry a realistic chance of materializing, before directors can approve the first-half results, Star said.