From www.abc.net.au: Star Entertainment is on the brink of voluntary administration, with cash expected to run out by the end of the week after trading suspension on the ASX due to missed financial reporting obligations.

CEO Steve McCann is actively seeking refinancing options, while private equity firms including Oaktree Capital have expressed interest in financial assistance.

If no refinancing deal is struck, the company may face complex administration processes as it navigates significant debt and potential asset sales.