BUZZ-Australia's Star Entertainment falls on pending HY results, seeks liquidity solutions

Reuters
02-28
BUZZ-Australia's Star Entertainment falls on pending HY results, seeks liquidity solutions

** Shares of casino operator Star Entertainment SGR.AX fall 15.4% to A$0.110, their lowest since February 7

** Company says HY results can only be finalised if new liquidity offers sufficiently address its cash crunch

** Says it expects to receive one or more liquidity proposals during the day

** SGR expected to report HY underlying loss of A$79.5 million ($49.55 million), according to Visible Alpha consensus estimates

** If SGR is unable to publish results by the end of day, trading in shares will be suspended from Monday

** Stock down ~42% YTD, including day's moves

($1 = 1.6044 Australian dollars)

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com))

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