Star Entertainment Kicked Off ASX Over Missing Financial Results The cards are designed to identify problem gamblers and to more easily enforce money-laundering rules. Operational earnings have plunged from about $19 million a month in the first half of the last financial year to just $4.6 million in the second half. Its accounts, delayed by a month, portrayed a company close to the edge as asset write-downs of more than $1.4 billion inflicted a full-year loss of almost $1.7 billion. The operator had planned to sell its 50 per cent stake in the Brisbane complex to its business partners, but the talks have broken down. The casino giant has received the last tranche of a $300 million investment from American casino giant Bally’s Corporation and the billionaire Mathieson family. Ward has run the struggling casino operator since 2024, guiding it during one of its most difficult periods. The gaming sector carries a set of constant risks including tax increases, ESG risks, and heightened regulatory scrutiny. Australian shares fell to its lowest close in more than six months, wiping off about $50 billion in market value. Star Entertainment will receive a $53 million lifeline, with its Hong Kong joint venture partners confirming they will buy its stake in the Brisbane Queen's Wharf development, pulling it back from the brink of collapse. As well as negotiating with lenders, Star has pleaded for help from state governments, and on Friday, Star chief executive Steve McCann called for its various stakeholders to come together. As it fights for survival, Star said it was continuing discussions to attempt to deal with the crunch on its finances, but there was no guarantee it would be able to reach a deal to resolve its situation. It acknowledged the uncertainty over its ability to continue operating if the negotiations were unsuccessful.