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Wally Prenzel, 20
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In its annual report, the gambling company cited "financial crime remediation activities", a softening economy and cashless gaming reforms as contributors to its earnings uncertainty. Star is running out of options, given it has already asked shareholders – twice – to tip in money as part of an equity raise. Those investors have lost significant sums and may well lose the lot if the casino operator falls into administration. The Star Casino share price has been strong over the past month. All financial products involve risks and may not be suitable for all investors. The price of any financial product can and will fluctuate, and any individual financial product may experience upward or downward movements, and you may even lose the full value of your investment. Star also secured a $200 million debt facility to cover some of its short-term financial needs, but this comes with a hefty 13.5% interest rate.
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