Star Entertainment Group shares have been placed in a pause on the ASX ahead of an announcement. -AAP Image
Star Entertainment Group says it anticipates it will receive one or more financing proposals within hours that could save the cash-strapped casino company.
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The company said in a statement to the ASX on Friday morning that it was continuing to explore "liquidity solutions" that could materially increase its liquidity position, and anticipates receiving them on Friday.
Star is due to release its financial results on Friday, but said the half-year report would only be finalised if the liquidity proposals are received and are sufficiently capable of being able to shore up the Star's financial status.
"As noted in the company's recent ASX announcements, there remains material uncertainty as to the group's ability to continue as a going concern," Star said.
Investors have also been waiting to see if the money-losing company has lined up more financing - or would have to enter voluntary administration, a real possibility.
Star shares have been paused from trading on the ASX.
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