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Star Entertainment Group teeters on collapse with severe cash shortages and hefty losses.
Star Entertainment Group, an Australian casino company, faces potential collapse with only $79 million in cash and a recent $107 million loss.
The company is awaiting financial proposals that could save it and is exploring additional liquidity solutions.
Star's shares have fallen 11.5% to a three-week low of 11.5 cents after a trading halt.
The company's future is uncertain as it struggles with financial obligations and faces regulatory challenges.
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Star Entertainment Group se tambalea en el colapso con una grave escasez de efectivo y fuertes pérdidas.