JP Morgan stops investment in Star Entertainment casino operator

The Australian casino operator Star Entertainment is no longer owned by JPMorgan Chase & Co. JPMorgan gave no explanation for its quick divestment from Star Entertainment. But the gaming company is in a precarious situation. Star has been the subject of regulatory enquiries, just like its competitor Crown Resorts. Star is likewise struggling with a lack of liquidity and declining earnings. The casino operator informed investors in September that it would consider selling a variety of assets to obtain money.
 
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