Star Entertainment has two or three months – at best – before it goes broke.
The casino operator burnt through $107 million of its available cash in the December quarter, which should be its busiest trading period of the year. This leaves it with only $79 million. The company is bleeding cash.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
