Overview

• Unless an extension is secured, Star must repay a $10 million advance by August 6 and $26.5 million by September 5 under the sale agreement.
• Star reported an EBITDA loss of $27 million for the quarter ending June 30 on $270 million in revenue.
• Its cash balance rose to $234 million after receiving $233 million from Bally’s and Bruce Mathieson under a $300 million rescue package.
• The operator said mandatory carded play and a $5,000 cash limit at its Sydney casino have cut average daily revenue by 17% since last August, with tighter limits to roll out in Queensland soon.
• The company is also awaiting a court ruling on potential anti–money laundering fines expected to reach hundreds of millions, a penalty that could further strain its solvency.