Star Entertainment flags financial woes at AGM

Описание к видео Star Entertainment flags financial woes at AGM

The Star Entertainment Group held its annual general meeting on Thursday where it was revealed the casino's gaming floor trading had further deteriorated.

The casino's future debt funding depends on its trading improving and the casino still needs to demonstrate to the regulator-appointed manager of its Sydney casino Nick Weeks and the Queensland regulator it can be trusted to do the right thing in the future.

Star Entertainment Group Chair Anne Ward said the sale of non-core assets remains a priority to raise cash and it has engaged with a series of parties regarding a broader corporate deal, but The Star's immediate worry is maintaining the confidence of its lenders.

Recently appointed Chief Executive Steve McCann said when he joined in July, The Star was in a precarious position.

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