Overview

• Star disclosed a A$471.5 million full‑year loss and said trading remained weak in July, flagging material uncertainty about its ability to continue as a going concern.
• A banking syndicate has withheld covenant waivers on roughly A$430 million of loans, delaying directors’ sign‑off on audited accounts and slowing probity checks of Bally’s.
• The company reported A$189 million in available cash and A$434.3 million owed to senior lenders, with the next waiver deadline falling on September 30.
• Bally’s and Bruce Mathieson have staged a A$300 million investment, with a final A$67 million tranche due by October 9 to keep the rescue plan on track.
• AUSTRAC has sought about A$400 million in civil penalties over alleged AML breaches, and Bally’s high leverage and a Fitch downgrade have added to regulatory suitability questions.