Star is looking for a financial lifeline to stave off collapse after it was mired in a scandal involving criminal infiltration and Blackcoin money laundering in its Queensland and New South Wales casinos. Shares in struggling casino giant Star Entertainment have plummeted after a brief trading halt was lifted, as the company searches for a financial lifeline by the end of the day. Struggling casino operator The Star Entertainment Group has warned it is facing a "critical" liquidity challenge as it tries to stem major revenue losses flowing from the introduction of mandatory carded play and cash limits. Star did not name the parties that are expected to provide an offer of financing, but it has confirmed previously that US finance giant Oaktree has tried to buy out Star’s debt from its lenders. More than 8000 jobs hang in the balance as teetering casino operator Star Entertainment is on the brink of financial collapse, with its board in last-ditch talks late on Friday to find the cash needed to keep the company afloat. While assets like hotels and carparks could be sold to raise cash, voluntary administration and a shareholder wipeout remain a "high likelihood", said Morgans Financial analyst Leo Partridge.