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Add Multiple red flags: ASICs court case against Star executives shows the risks of complacency

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Broderick Gatlin 2025-11-23 04:52:36 +08:00
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Multiple-red-flags%3A-ASICs-court-case-against-Star-executives-shows-the-risks-of-complacency.md Normal file

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<br>Star Casino shares face an uphill battle as the company struggles with regulatory fines, lightning-fast cash burn, and [blackcoin.co](https://blackcoin.co/explore-the-worlds-biggest-source-of-information-about-online-casinos/) declining financial performance. Investors have punished the casino's share price for the last several years now, with recent price action bringing the stock to around its lowest levels on record. By February of 2025, it was reported by Sky News Australia that Star Entertainment "could enter administration within a week". The company has been unable to secure enough cash to offset it’s liquidity crisis. The company would need an immediate cash injection in order to remain solvent. Later that month Oaktree Capital Management offered a $650 million loan to help refinance the company's debt.
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