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Fight to save jobs as The Star's casino empire teeters

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작성자 Carri
댓글 0건 조회 6회 작성일 24-10-10 15:11

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The Star's Sydney licence remains suspended after a first inquiry found damning evidence of anti-money laundering and counter-terrorism failings, although it has been allowed to keep the casino operating with a regulator-appointed manager. "The Star is currently reviewing its financial and liquidity position with various advisers in the context of seeking to finalise its preliminary financial report for the financial year," the statement said.

But the NSW government has ruled out providing further taxpayer assistance to The Star after giving the casino a reprieve on a planned poker machine tax increase until 2030 in return for a transitional deal that included a jobs guarantee. A week on from the release of a scathing report that declared it was unsuitable to take back control of its lucrative Sydney casino licence, the company's board confirmed it was in talks over its short-term financial position "in light of adverse trading and other conditions".

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