The Star has been suspended from trading on the ASX after it failed to unveil its financial results for the 12 months to June 30, as its executives continue to lobby governments, banks and investors in a last-ditch effort to stay solvent.

Star Entertainment Group operates three casinos in Sydney, Brisbane and the Gold Coast and in the coming days is expected to show a billion-dollar impairment after months of poor trading and inflated regulatory costs.

New boss Steve McCann has been locked in talks with the Queensland and NSW governments since last week to try and secure tax reprieves to bide the battered business some time to shore up its financials. He has also been lobbying major investors and banks in the hope of securing a fresh cash injection.

Queensland Premier Steven Miles confirmed on Monday his government was considering The Star’s request. A spokesperson for the NSW government said it was up to the business to maintain its financial viability.

Miles said he was in “ongoing discussions” with The Star about the tax arrangements for its Brisbane and Gold Coast casinos. Last week, The Star opened its long-awaited $3.6 billion casino precinct, Queen’s Wharf Brisbane, which is expected to employ up to 3000 people.

“It’s too soon to say what arrangements we might make with Star, but we will ensure, of course, that they make the contribution to Queensland that they committed to when we signed that contract,” Miles said.

“That includes delivering Queen’s Wharf Brisbane, delivering the surrounding public realm, including the [Neville Bonner] bridge, and delivering those 1400 [new] jobs as well as a revenue return to the state.”

The Queen’s Wharf precinct is a joint venture with Chow Tai Fook Enterprises and Far East Consortium. Investment sources not authorised to speak publicly said The Star had been considering writing off all of its equity in the multibillion-dollar venue.