Casino operator Star Entertainment has been under financial pressure for some time. The company’s share price has tanked, and the business, with its three casino properties, has been bleeding money.

It didn't take long for someone to fold. On Monday, US casino group Bally, which has been sniffing around Star for several months, launched a last-minute bid to the beleaguered Star directors ...

Star Entertainment could enter administration on Wednesday with the company set to run out of cash by the end of the week. The struggling casino operator was suspended from trade on the ASX on Monday.