Overview

• Star Entertainment shares were suspended from trading after the company missed its deadline to lodge half-year financial results.
• The company has stated it cannot finalize its financial report without securing new funding to refinance existing debt and inject liquidity.
• Approximately 9,000 jobs across Star's casinos in Sydney, Brisbane, and the Gold Coast hang in the balance as the company struggles to remain viable.
• NSW government officials have ruled out providing additional financial support to the embattled casino operator.
• Star Entertainment's shares have dramatically declined in value, falling from over $5 in 2018 to just 11 cents currently.