Its lucrative casino licences hang in limbo, it has copped $100 million fines in both Queensland and NSW for anti-money laundering failures, and four shareholder class actions allege the company and its ex-directors failed their duties, but the worst could be yet to come for Star Entertainment.

This week, the battered gaming giant put on the table a possible sale of its flagship Sydney asset – a 28-year-old institution that has had $1.3 billion in upgrades and redevelopments in the last 14 years.