Updated

Star tells lenders it has one week of cash as it teeters on the brink

Zoe Samios and Anthony Macdonald

Updated Feb 28, 2025 – 6.17pm, first published at 10.54am

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Star Entertainment has told lenders it is one week away from running out of cash and has sought regulatory clearance for an administrator to take control of the group should it fail to secure a fresh injection of funds.

The operator of casinos in Sydney, Gold Coast and Brisbane was on the brink of collapse on Friday evening and had yet to lock in a short-term funding deal, according to several people involved in the discussions.

Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian.

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.