Trading halted in troubled Australian casino firm / Photo: © AFP/File
-
STARCARES Completes Basketball Court Revamp in the Philippines, Benefiting Nearly 20,000 People
-
Norway's new King Haakon, popular face of shaken monarchy
-
Norway's new Queen Mette-Marit, a fairytale beset by woe
-
Most stocks rise as attention turns to Warsh speech
-
Nepal orders rescuers to safety as overflow brings new flood risks
-
Japanese rugby U-turns on limits on naturalised players
-
Norway's King Harald V, unifying force who weathered family storms
-
Norway's King Harald dead at 89
-
Australia's McKeown vows to reclaim backstroke world records
-
Climate change hits trout and salmon in UK's prized chalk streams
-
Boston Legacy FC Delays White Stadium Debut to 2028
-
Škoda Octavia Marks 30 Years With Nearly 7.9 Million Units Produced
-
Cancer fears stalk Kosovo's coal heartland
-
Nepal seeking to reach survivors in tunnel as risk of new floods rises
-
Gladys Knight to Reduce Tour Schedule Amid Health Concerns
-
Anger in Austria over business park on former Nazi camp site
-
Galápagos Coral Fossils Reveal Global Warming Intensifies El Niño Cycles
-
In shadow of Premier League, Serie A flexes financial muscle
-
Springboks 'old guard' seek revenge over All Blacks
-
Tanker pays record $5.3 mn to transit Panama Canal: administrator
-
'Find your own room': Japan says can't handle added Asian Games numbers
-
Pilgrims seeking peace caught in deadly Nepal-Tibet floods
-
Fresh flood warnings for disaster-hit Nepal and Tibet, 1,400 still missing
-
China's help critical, but unlikely, for US to choke off Iran
-
Most Asian stocks advance as attention turns to Warsh speech
-
US court rules Pentagon ban of Anthropic unlawful
-
US mother's child murder trial puts spotlight on postpartum psychosis
-
In Zambia, a Shaolin Temple offers a softer face of China
-
'End of an era': Players lament decline of the disc at Gamescom
-
Messi's Inter Miami appoint new coach Gonzalez
-
Air traffic controllers left early before deadly NY crash: report
-
Clashes in Spain's Ceuta month after mass migrant influx
-
Golf media firm loses Callaway, PGA Tour deals over violent ad
-
Argentina names unchanged side for Australia Test
-
US to push economic pressure on Iran at G20 finance talks
-
Australia's Lee leads PGA Tour Championship
-
Kiss rotates Wallabies forwards for Argentina Test
-
US judge urged to rebuff restoring Trump name to Kennedy Center
-
Guns, drugs and car chases: GTA 6 preview lands on Netflix after leaks
-
Trump orders Lake Ontario to be renamed 'Lake America'
-
Arteta braced for 'tough' Martinelli, Jesus exits from Arsenal
-
Raphinha, Lopez strike again as Barca beat Athletic
-
Welbeck scores first Chelsea goal in League Cup win over Luton
-
Dos Santos, Russell set world records in 'crazy' Zurich Diamond League
-
Arsenal face depleted Aston Villa, Spurs seek return on £300m spend
-
Dos Santos upstages Warholm for blistering new 400m hurdles world record
-
Werro edges ever closer to elusive women's 800m world record
-
US Open women's singles: Three talking points
-
Callaway cuts ties with golf media firm over violent ad
-
American Masai Russell sets new women's 100m hurdles world record
Trading halted in troubled Australian casino firm
Trading in troubled Australian casino operator Star Entertainment was paused on Friday as the company sought to free up enough cash to keep afloat.
Star said it was exploring "possible liquidity solutions" -- including last-minute bailout offers -- but conceded there was "material uncertainty" clouding its future.
The Australian Securities Exchange said trading in Star had been "temporarily paused" just minutes before the stock market opened.
The company last traded at Aus$0.12 a share (US$0.07) with a market capitalisation of Aus$344 million.
The firm has previously been accused of not adequately policing criminal infiltration and doing little to vet the sources of money coming into the business.
Watchdogs found that one patron -- a Chinese real estate billionaire barred by the Australian government for being an agent of Chinese influence -- had ploughed more than a billion dollars into Star over several years.
Another high-rolling patron was allegedly involved in human trafficking.
The group was temporarily delisted from the Australian Securities Exchange last year after failing to post its annual financial results.
H.Weber--VB