Star Entertainment remains on the edge of the collapse after it stopped at a commercial stop for the second time in so many business days, with almost 10,000 jobs at risk.
The Casino operator in conflict once again could not publish its semiannual results before the markets opened this morning, which led the ASX to suspend the negotiation of their actions.
In an update of the market to share before lunchtime, the star said that the required report could not publish without a new financing agreement that covered both the refinancing of all its debt and inject more money into the business.
“It is unlikely that the company is in a position to present its report (semiannually) unless, and until it has ensured a refinancing commitment that would allow the star refinanting all the existing corporate debt of the group, as well as providing additional liquidity,” the statement said to the ASX.
“The company will continue to maintain the informed market of material developments.
“As noted in the recent ASX ads of the company, there is still material uncertainty about the group’s ability to continue as a company in progress.”
The star uses around 9000 employees in their places, including three casinos in Sydney, Brisbane and Gold Coast.
About half of those works are in Sydney, but the NSW government has ruled out providing more life operator to the casino operator.
Star Entertainment actions are currently worth 11 cents. At one time in early 2018, more than $ 5.40 were worth.
