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Star Entertainment faces financial strain after failed casino sale and potential penalties.
Star Entertainment Group's shares plunged after its plan to sell a 50% stake in the Queen's Wharf Brisbane casino to Hong Kong partners collapsed.
The company must now repay a $10 million advance by next week and a $31 million advance by September 5.
Star could face additional financial burdens due to stricter wagering limits at its Sydney casino and a potential $400 million penalty from financial regulators for money laundering.
The company's financial situation is further strained by the need for increased investment in the Queen's Wharf development.
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Star Entertainment se enfrenta a una tensión financiera después de la venta fallida del casino y posibles sanciones.