Channel 10 went into voluntary administration & it's still around.
Virgin Australia went into voluntary administration & it's still around.
If SGR goes into voluntary administration I think it will still be around. This is a casino, right? The house always wins!
If voluntary administrator's are called in the BOD & management could be kicked out onto the street. A restructure with new directors & management could be brought in giving the company a clean slate. Staff reduction along with asset sales might entail & SGR could pick up where it left off.
I find it hard to believe a casino once worth billions of dollars would go under. I think the Macau business owner might be onto something.
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