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

Reuters

2025/02/28

** 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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08:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Star Entertainment falls on pending HY results, seeks liquidity solutions</title></head><body><p>** Shares of casino operator Star Entertainment <span>SGR.AX</span> fall 15.4% to A$0.110, their lowest since February 7</p><p>** Company <span>says</span> HY results can only be finalised if new liquidity offers sufficiently address its cash crunch</p><p>** Says it expects to receive one or more liquidity proposals during the day</p><p>** SGR expected to report HY underlying loss of A$79.5 million ($49.55 million), according to Visible Alpha consensus estimates</p><p>** If SGR is unable to publish results by the end of day, trading in shares will be suspended from Monday</p><p>** Stock down ~42% YTD, including day's moves</p><p>($1 = 1.6044 Australian dollars)</p><p> (Reporting by Himanshi Akhand in Bengaluru)</p><p> 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