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Star Entertainment considers selling assets, including part of Queen's Wharf, to avert financial collapse.
Struggling casino operator Star Entertainment is considering selling assets, including a 50% stake in the $3.6 billion Queen's Wharf in Brisbane, to avoid financial collapse after a money-laundering scandal.
Shares fell to an all-time low, and the company burned through $107 million in Q4 2024, leaving it with $79 million in cash.
While government bailouts are ruled out, international investors may be interested in the company's property portfolio despite regulatory pressures.
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Star Entertainment considera la venta de activos, incluyendo parte de Queen's Wharf, para evitar un colapso financiero.