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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett Business editor

Star scrambles for cash injection to stay afloat as casino giant enters trading halt

ASX
The Star casino in Pyrmont
The Star casino in Pyrmont. The company is on the brink of collapse and now in an ASX trading halt. Photograph: Joel Carrett/AAP

Star Entertainment is searching for a cash injection to avoid imminent collapse amid a further deterioration in its financial position.

The embattled casino operator told the ASX it expected to receive “one or more” liquidity proposals on Friday so that it could continue to operate.

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