The Star Entertainment Group’s shares have been suspended from trading after the troubled casino operator failed to file its half-year financial report.
The company announced on Friday that it was expecting the development unless offers came in to ease its financial concerns.
Bally’s Corporation has shown an interest, but nothing has materialised on that front as of yet – at least not to stop The Star’s shares being suspended.
“The suspension will continue until the 1HFY25 Report is lodged and the ASX determines that the company's shares should be reinstated to quotation,” The Star said.
“The company is unlikely to be in a position to lodge its 1HFY25 Report unless, and until, it has secured a refinancing commitment that would enable The Star to refinance all of the group's existing corporate debt, as well as to provide additional liquidity.
“The company will continue to keep the market informed of material developments.
“As noted in the company's recent ASX announcements, there remains material uncertainty as to the group's ability to continue as a going concern.”
