Troubled Australian casino operator Star Entertainment said Friday it is trying to sell its stake in a major resort to raise desperately needed cash.

Shares in the group, which employs more than 8,000 people, have been suspended from trading since March 3 after it failed to post half-year financial results citing liquidity woes.

Star Entertainment is considered an economically important tourist draw with casinos, bars, restaurants and hotels at resorts in Sydney, Brisbane and the Gold Coast.

The firm said Friday it has been in talks with two Hong Kong-based........

© International Business Times