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Embattled casino operator The Star has trimmed annual losses to $1.69bn, but concedes it faces significant liquidity challenges as it sets to face added regulatory costs.

Meanwhile, foodie group The Essential Ingredient has collapsed and been placed into voluntary administration as it becomes the latest victim of a pullback by consumers spending on dining out and premium foods.

And the ACCC has cleared Lendlease’s drawn-out $1.3bn sale of 12 housing estates to listed rival Stockland and Thai-owned group Supalai, with the move expected to spark earning upgrades for the buyer.