Trump has begun another trade war. Here's a timeline of how we got here
Canada's leader laments lost friendship with US in town that sheltered stranded Americans after 9/11
Chinese EV giant BYD's fourth-quarter profit leaps 73%
You're an American in another land? Prepare to talk about the why and how of Trump 2.0
Chalk talk: Star power, top teams and No. 5 seeds headline the women's March Madness Sweet 16
Purdue returns to Sweet 16 with 76-62 win over McNeese in March Madness
(Reuters) - Australian embattled casino operator Star Entertainment said on Friday that its casino licence for Star Sydney will remain suspended until at least September 30, as advised by the New South Wales Independent Casino Commission (NICC).
Star also noted that the NICC-appointed manager, Nick Weeks, will continue to have oversight of casino operations at Star Sydney until at least September 30.
The NICC's chief commissioner, Philip Crawford, said that while Star's submissions on its suitability to hold a casino licence in New South Wales "demonstrated steady improvements" in the firm's remediation, "uncertainty around The Star's financial situation meant that progress was slow, and The Star's licence suspension should remain in effect."
This creates worries for Star, which opened its books in early March to investment group Salter Brothers for a debt refinancing proposal worth up to A$940 million ($591.26 million), as the extension may create hurdles in the due diligence process.
Star did not immediately respond to a Reuters request for comment.
($1 = 1.5898 Australian dollars)
(Reporting by Shivangi Lahiri in Bengaluru; Editing by Alan Barona)
