Star Entertainment faces trading suspension after earnings delay
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THE Australian Securities Exchange suspended trading in Star Entertainment Group shares on Monday after the casino operator missed its first-half earnings report deadline last week, a filing showed.
The company had been waiting to receive bailout offers on Friday. It did not immediately respond to a Reuters request for comment.
Star Entertainment has faced both regulatory challenges and financial difficulties.
Star Entertainment and its chief executive, Steve McCann, have been scrambling to secure funding in a last-ditch effort to prevent the business from collapsing. REUTERS
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