Star Entertainment is facing the possibility of financial collapse, with discussions ongoing to secure a cash injection. The company is expected to receive one or more liquidity proposals on Friday to continue operations. There is significant uncertainty regarding Star’s ability to remain a viable business. This is due to declining revenues, licensing issues, and operational disruptions, which have pushed the company to the brink of failure. Efforts to find a white knight investor, sell assets, or secure new funding streams are being explored by shareholders. The situation became critical after Star failed to lodge its financial accounts and entered a trading halt, indicating concerns about the company’s ability to continue operating. Star has confirmed that it is exploring possible liquidity solutions. The company employs around 8,000 people and faces particular interest regarding its Queen’s Wharf facility in Brisbane, which is set to be a postcard tourism precinct for the city’s 2032 Olympics.

Source: https://www.theguardian.com/australia-news/2025/feb/28/star-scrambles-for-cash-injection-to-stay-afloat-as-casino-giant-enters-trading-halt