Star scrambles for cash injection to stay afloat as casino giant enters trading halt

The company - which has been looking for a white knight investor - fails to lodge financial accounts as scheduled

• Follow our Australia news live blog for latest updates
• Get our breaking news email, free app or daily news podcast

Star Entertainment is searching for a cash injection to avoid imminent collapse amid a further deterioration in its financial position.

The embattled casino operator told the ASX it expected to receive one or more" liquidity proposals on Friday so that it could continue to operate.

Sign up for Guardian Australia's breaking news email