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Casino
September 11, 2023
The Star Sydney Brings Back Free Alcohol for High Rollers
Amid the Bell probe into The Star’s operations, the operator temporarily stopped serving free alcohol at the Star Sydney. The government inquiry uncovered that some gamblers received alcohol as an inducement which was only one of the issues flagged by the probe. Ultimately, the Bell Inquiry, which was published last year, found that the operator […]
Business
August 30, 2023
Star Entertainment Has Implemented 22 of the 30 Bell Review Recommendations
Star Entertainment, an Australian casino & hospitality giant, continues to implement its remediation plans, improving its practices in the wake of regulatory hurdles. As outlined in a report by NSW’s Minister for Gaming and Racing, David Harris, the company has now implemented more than two-thirds of the Bell Review recommendations. In September 2021, NSW’s regulator […]
Business
August 29, 2023
The Star Posts FY23 Results, Sees Net Loss of AU$2.44bn
The Australian gambling and entertainment company, The Star, released its FY23 financial report, revealing a normalized EBITDA and significant statutory loss for the period. The report emerged Tuesday and sees the company post a statutory net loss of AU$2.44 billion ($1.57 billion). At the same time, the latest financial report reveals that normalized EBITDA hit […]
Business
August 11, 2023
Star Entertainment Strikes Tax Relief Deal in NSW
Earlier this year, Star Entertainment Group, an Australian casino and hospitality company, had to slash hundreds of jobs and executive bonuses to deal with the underperformance of its properties and the tax hike in New South Wales. However, the company has now managed to reach a concession on casino duty rates with the NSW government […]
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 […]