** 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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