Australia’s Star Entertainment Group has entered a trading halt amid rumors the company has all but run out of cash.
Local media reports claim the one-time casino giant does not have the funds to meet its short-term payment obligations, including payroll.
In an ASX-filing, Star said it had paused trading in its securities pending a further announcement.
The company had been due to release today its interim results for the six months through 31 December 2024 but the Australian Financial Review reports Star’s board had been unable to sign off on accounts given the likelihood of it being unable to meet obligations.
