This will remain in effect through September 2025 at the earliest. It is true that Star Entertainment has been hurt by factors other than the financial allegations identified by Bell. But the collapse in revenue suggests the casino operator’s business model was inherently reliant on money-laundering. Strip that out, and what remains is a business that will likely not survive without a white knight. Since 2021, the share price for Star Entertainment Group has collapsed from $3.76 to 13 cents today, wiping billions in market value. Star's recent financial results were delayed by liquidity concerns and blackcoin.co the company's shares were suspended from the ASX.
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