Star Entertainment has lodged the ugliest set of accounts you will see from an ASX300 company this year. There were hefty losses, writedowns, revenue going backwards, debt going up, dwindling cash reserves and near-term liabilities worth more than two times current assets.
There was an 850-word going concern notice listing 13 things that could still send Star broke, even after it was temporarily bailed out by Bally’s Corporation, and a warning from the auditor that it wasn’t out of the woods.
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