..another -10% lower, it is perilous to cling onto hope, refusal to cut losses quick can become a complete disaster.
Star has six weeks to find financing as NSW, Queensland rule out help
Amelia McGuire
Star Entertainment could be broke within weeks – NSW and Queensland have refused to bail out the casino operator after it warned it had just $79 million left in its bank account.
Angus Hewitt, an analyst at Morningstar, told clients in a note that there was a 50 per cent chance the company would fall into administration, wiping out investors.
