Reported 1 day ago
Star Entertainment's shares plummeted by 25.6%, reaching a record low following concerns over its cash and liquidity situation for the December quarter. The Australian casino operator reported a significant drop in available cash, dwindling from A$149 million to A$79 million, and indicated a cash burn of A$107 million during the same period. Analysts predict no short-term earnings improvement due to increased cash limits and ongoing capital investments.
Source: YAHOO