The Star has been suspended from trading on the ASX after it failed to unveil its financial results for the 12 months to June 30, as its executives continue to lobby governments, banks and investors in a last-ditch effort to stay solvent.
Star Entertainment Group operates three casinos in Sydney, Brisbane and the Gold Coast and in the coming days is expected to show a billion-dollar impairment after months of poor trading and inflated regulatory costs.
New boss Steve McCann has been locked in talks with the Queensland and NSW governments since last week to try and secure tax reprieves to bide the battered business some time to shore up its financials.
