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 the company's shares were suspended from the ASX.
Some analysts now suggest a 50% probability of Star entering administration, which could wipe out holders of Star Casino shares completely. Just last week, the company reported spending $107 million maintaining its current operations in the three months to December 2024. Put simply, the casino giant isn't in the best financial shape right now. The stock is now holding on for dear life as Star executives scramble to keep the company afloat and at least some of shareholders' wealth in situ. What initially looked like a come back to form upon the site’s re-opening, Slots.lv accepts all players who are at least 18 years old.