Overview

• Star Entertainment's $940 million refinancing agreement with Salter Brothers has collapsed, leaving the company on the brink of administration.
• The company is urgently exploring alternative funding sources, including a proposed equity injection from US-based Bally's Corporation.
• Star has warned of 'material uncertainty' regarding its ability to continue as a going concern, with no clear timeline for securing new funding.
• The company faces additional financial strain from significant fines related to money laundering violations and ongoing regulatory scrutiny.
• Star's shares remain suspended from trading as it struggles to finalize its financial accounts and stabilize operations.