Cash isn't the only thing in short supply at Star Entertainment. Time is also running out for newly installed chief executive Steve McCann to get a deal across the line.
Time is also running out for newly installed chief executive Steve McCann to get a deal across the line., every hour Star remains banned from ASX trading adds to the company's reputational damage and the urgency to secure an agreement.
The bank syndicate, while open to a deal, is demanding extra security before it advances any more cash, all of which has to be ticked off by regulators and auditors.Once perceived as the glittering symbol of city sophistication, Australia's biggest listed casino group has found itself reduced to the status of last chance saloon.
By all accounts, the former Lend Lease chief executive was stunned to discover shortly after arriving that Star's finances had been drained by huge cost blowouts at its
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