The Star ASX: SGR suspended over accounts failure with administration on the cards

Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. "They're not highly paid people — they're struggling with the cost of living as everyone else is and they can't afford to take a pay cut." The union was not aware of any requests best online slots for iOS staff to take pay cuts or give up benefits to help keep the business afloat.

The report concedes that some improvements have been made since 2022, including a greater level of transparency and cooperation. However, the NICC said the report underscores concerns that it was not receiving all the facts from The Star at a time when it needed certainty the company could fund and prioritise an urgent business turnaround. The PayID Casino Security Features Australia group had already requested a trading halt on Friday after Adam Bell SC’s latest damning report covering its operations was published on the same day by the NSW Independent top Aussie casino instant payouts 2026 Commission (NICC). The Sydney-based exchange issued the announcement on Monday morning after Star failed to publish its annual financial report by last Friday’s (31 August) due date.

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 Litecoin giant has received the last tranche of a $300 million investment from American Australian Casino Slot Bonus giant Bally’s Corporation and the billionaire Mathieson family. Ward has run the struggling top Aussie casino providers 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.

In a further sign of its precarious financial situation, the company’s Monday update also reiterated that the company’s directors continued to seek external advice on application of "safe harbour" provisions of the Corporations Act. This is part of the law aimed at helping directors turn around a distressed company without being personally liable for debts incurred by an insolvent company, provided they meet certain conditions. "While discussions continue with respect to a range of different solutions, there is no certainty that any of these negotiations will result in one or more definitive arrangements that might materially increase the Group’s liquidity position.

Peter Gartlan, co-CEO of Financial Counselling Australia, added that everyone needs access to telecommunications services and said consumers aren't getting adequate protection. "We continue to hear from callers to our frontlines of egregious examples of telco mis-selling and harm due to poor sales practices and credit assessment requirements," she said. Overall goods spending fell 0.6 per cent in January, after rising for three months in a row. The government will not acquire additional assets for the stockpile beyond those obtained through forfeiture proceedings. "Any global forecasts need to consider upside and downside scenarios, including the indirect impact of trade tensions on our largest trade partner China. The total value of credit card transactions rose by $21 million in January compared to the previous month.