BUZZ-Star Entertainment might never trade again without a lifeline, says Morningstar

Reuters

03-04

BUZZ-Star Entertainment might never trade again without a lifeline, says Morningstar

** Analysts at brokerage Morningstar say Australia's Star Entertainment SGR.AX might not ever be able to trade again on the exchange if it does not get a restructuring deal

** SGR on Monday said it would not be able to announce its first-half results until it secures rescue financing, after the country's stock exchange suspended trading in the embattled casino operator's shares

** Brokerage makes no change to its A$0.20 fair value estimate, which includes a 50% probability that Star falls into administration, wiping out equity holders

** While we expect a medium-term recovery in operating conditions, Star needs a more immediate solution, says Morningstar

** Adds any liquidity proposals are yet to satisfy the embattled firm's board, notable that they can keep Star a "going concern"

** Stock down 42.1% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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03:02</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-Star Entertainment might never trade again without a lifeline, says Morningstar</title></head><body><p>** Analysts at brokerage Morningstar say Australia's Star Entertainment <span>SGR.AX</span> might not ever be able to trade again on the exchange if it does not get a restructuring deal</p><p>** SGR on Monday said it would not be able to announce its first-half results until it secures rescue financing, after the country's stock exchange suspended trading in the embattled casino operator's shares</p><p>** Brokerage makes no change to its A$0.20 fair value estimate, which includes a 50% probability that Star falls into administration, wiping out equity holders</p><p>** While we expect a medium-term recovery in operating conditions, Star needs a more immediate solution, says Morningstar</p><p>** Adds any liquidity proposals are yet to satisfy the embattled firm's board, notable that they can keep Star a \"going concern\"</p><p>** Stock down 42.1% YTD</p><p> (Reporting by Rishav Chatterjee in Bengaluru)</p><p> ((Rishav.Chatterjee@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7078","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250303:nL3N3PM1E1:1","article_id":"2516652790","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516652790","pubTimestamp":1741028530,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and 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