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International Business Times

Business

Australian Casino Firm Scrambles For Cash To Survive

Star Entertainment Entertainment Brisbane

Troubled Australian casino operator Star Entertainment says it is trying to sell its stake in a major resort to raise desperately needed cash (Credit: AFP)

Troubled Australian casino operator Star Entertainment said Friday it is trying to sell its stake in a major resort to raise desperately needed cash.

Shares in the group, which employs more than 8,000 people, have been suspended from trading since March 3 after it failed to post half-year financial results citing liquidity woes.

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