The financial engineering behind this whole place is very complex, but one thing here is important, 777 Partners has very high interest loans tied to Bonza that they cannot get stuck with, which is why it will head to liquidation. They can likely walk away somewhat in tact, assuming some cash remains. I think this was an orchestrated effort between both the lessor and 777, the lessor played the first hand, which then freezes its operations essentially immediately.
The whole Gold Coast fiasco and wet leasing cost blowouts likely pushed its demise forward considerably. It will be interesting to see who is owed cash and how bad it actually got. And the big question, why did Jordan continue on and on if he knew access to cash wasn’t available. The whole paying last months bills with next months revenue can only go on for so long, surely he understood that, he isn’t someone that just walked into the industry. Or perhaps they did know that, and the intention was to just burn it to the ground, which they have done.