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Business
September 25, 2023
The Star Entertainment Group to Raise $770,000 to Cover Existing Debts
The Star Entertainment Group, an Australian casino and hospitality company, continues to encounter financial trouble following its recent regulatory hurdles. Amid these difficulties, the company unveiled its plans to raise AUD 1.2 billion (around $770,000) to reinforce its business and deal with existing debts. As outlined in an ASX announcement, Star Entertainment will use a […]
Poker
September 14, 2023
Aussie Poker Pros Launch Petition against Star Entertainment’s Unjustified Bans
Star Entertainment Group’s recent bans on poker players don’t sit well with many professionals. The Australian Poker Schedule, a website that allows enthusiasts to keep track of upcoming events, has launched a petition against Star’s allegedly “unjustified” measures. Craig Abernethy, founder of the Australian Poker Schedule, addresses the issue in the petition, saying that in […]
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 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 […]
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 […]
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 […]
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 […]
