Australia’s Star Entertainment Group on Monday reiterated the existence of considerable uncertainty around its ability to continue as a going concern, noting that avenues through which it can raise much-needed liquidity are “limited”.
A little over a week since revealing it had burned through a large chunk of the AU$100 million debt facility it had drawn down in December, leaving just AU$79 million in available cash as of 31 December 2024, Star filed a quarterly activities update with the ASX which confirmed the company is having little joy in accessing any further funding as it looks to stave off liquidation.
That’s despite a second AU$100 million tranche becoming available should Star fulfil certain conditions required to access it.
