Legal
August 2, 2023
Brisbane Court Issues $92K Fine against The Star
The leading Australian casino operator, The Star, was hit with a hefty fine over breaches of the gambling regulation dating as far back as 2017. On Wednesday, the Brisbane Magistrates Court sentenced the company to pay a fine of AU$140,000 ($92,100) along with court costs of AU$3,250 ($2,100). The court heard that the company had […]
Business
July 7, 2023
Star Entertainment Onboards Peter Hodgson, Taking a Decisive Step toward Compliance
Despite remaining one of Australia’s leading operators, Star remains in a precarious position. Ongoing controversies, falling stock prices, and regulatory pressures have urged the company to take urgent measures or face further damage to its business. Hodgson’s appointment marks the end of Star’s board renewal program, hopefully providing sufficient breathing room to focus on stabilizing […]
Business
June 26, 2023
Star Entertainment Unveils Sale of Gold Coast Property
Australian casino giant Star Entertainment Group is set to sell the Sheraton Grand Mirage Resort Gold Coast property. This announcement comes amid very difficult times for the company that have seen it lose public trust. The operator was negatively impacted by probes into its business that discovered severe regulatory failures. Forced to pay two fines […]
Industry
June 20, 2023
The Star Entertainment Criticizes NSW Casino Duty Rates
Late last year, the former Treasurer of New South Wales (NSW), proposed a change to the taxation for casino operators, pushing for an increase in casino duty rate. Although it wasn’t implemented, the proposal stuck around with the lawmakers following the recent election in NSW. In light of discussions with the local government for the […]
Casino
June 16, 2023
Star Entertainment and NSW Government in Negotiations Over Casino Tax
Negotiations between Star Entertainment and the New South Wales (NSW) government regarding a proposed casino tax are reaching a critical stage as both parties strive to find a resolution. Backlash Mounts Against Controversial Casino Tax Proposal The tax proposal, however, has faced significant backlash from Star Entertainment, Sydney’s largest casino operator, as the company argues […]
Casino
June 6, 2023
Star’s Queen’s Wharf Brisbane Opening Postponed to April 2024
Queen’s Wharf Brisbane, an integrated resort that will operate the casino under the Star Entertainment Group’s brand and logo, was originally slated to open in December 2023, but delays in construction and regulatory headwinds have slowed down the completion rate. Queen’s Wharf Brisbane Will Experience Some Delay Presently, Destination Brisbane Consortium, which is in charge […]
Industry
April 19, 2023
The Star May Slash Approximately 500 Workplaces
The Star Entertainment Group, the leading entertainment and gambling company in Australia, released a new trading update, confirming the possibility to reduce its workforce. On Wednesday, the company revealed it plans to cancel its short-term and other incentives for FY23, while at the same time freezing salaries for non-EBA (enterprise bargaining agreement) employees. What’s more […]
Casino
April 3, 2023
Star Sydney CEO Resigns at a Crucial Time for the Embattled Casino
Wharton’s decision to leave Star leaves the operator leaderless amidst ongoing anti-money laundering reforms, up to $1 billion in fines, several lawsuits, and a potential tax hike on the horizon. As the person responsible for restoring order and compliance to the struggling casino, his departure has caused substantial concern among regulators. However, Star Entertainment CEO […]
Business
March 22, 2023
Star Entertainment Appoints David Foster as Chairman amidst Ongoing Difficulties
The company is experiencing significant hardships after losing its New South Wales and Queensland licenses, owing hundreds of millions in fines and facing several class action lawsuits. Foster’s appointment is part of an ongoing process to remedy the company’s shortcomings, ensure compliance and contest unjust allegations. The new chairman remains optimistic regarding the company’s future […]
Legal
March 20, 2023
The Star Confesses Sale of Gambling Chips with Credit Cards
A probe into Star Entertainment’s operations last year uncovered deficiencies and alleged ties to criminal activities such as money laundering. The investigation, led by Adam Bell SC, which became popular as the Bell Review, sought to determine the eligibility of The Star to hold a license. In light of this, the NSW Independent Casino Control […]
