Casino giant Star Group on brink of collapse

Casino giant Star Group on brink of collapse

Embattled casino giant Star Entertainment Group could collapse within just weeks, potentially putting thousands of jobs at risk.

Star Casino Group's Implosion Could Cost Thousands Of Jobs - As Fears Grow The Gaming Giant Could Go Out Of Business Within Weeks In Australia's Biggest Corporate Collapse In Years

Star Entertainment Group could go bankrupt within weeks with the future of its casinos in Sydney, Brisbane and the Gold Coast, along with the thousands of jobs they provide, in doubt. The gambling giant warned that it has only $79 million in its bank accounts and is struggling with a decline in the number of players at its locations along with more than $100 million in fines imposed for license violations. Analyst Angus Hewitt at investment rese…

Casino titan Star Group on snapping point

Embattled casino giant Star Entertainment Group could collapse within just weeks, potentially putting thousands of jobs at risk.