Fire drill at battered casino owner Star Entertainment as FTI meets lenders

The Australian Financial Review
01-22

Star Entertainment’s safe harbour adviser has begun preparing its lender group for a potential voluntary administration, as the embattled casino operator runs out of solutions to solve a potentially terminal cash crunch.

Street Talk can reveal FTI Consulting’s restructuring specialists on Monday held a meeting via video link with Star’s biggest lenders, running them through a detailed presentation that attempted to offer a blueprint on the business’s future.

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