The Star Entertainment Group will face a Queensland Government inquiry on Tuesday that will examine whether it is fit to hold licences for gaming operations on the Gold Coast and in its $3.6 billion Queens Wharf development.
They are still awaiting the final report from a New South Wales inquiry to determine whether they are fit to hold a licence in their Sydney casino. Many key members of the Star Entertainment Group, including the Chairman and the Chief Executive have resigned in the wake of the investigation.
The answer of Star's fitness is obvious: no they are not fit to hold licences for gambling and they never will be. The answer as to what the Qld Gov will do about it is also obvious: tokenistic measures to appease the outrage.
The question should be is the Qld govt fit too hold govt.
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The Star sinks to $198.6m lossThe Star Entertainment has slid to a $198.6 million loss for the financial year due to east coast lockdowns and costs linked to scrutiny of the scandal-plagued casino group
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The Star reports nearly $200m lossCasino operator The Star Entertainment Group has sunk to a loss of nearly $200 million in the last financial year, ahead of a public inquiry into The Star’s Queensland operation which kicks off tomorrow. “They just went through a very damaging inquiry for the Sydney casino business which resulted in the loss of the chief executive of The Star and a number of senior executives of that company,” says Sky News Business Reporter Edward Boyd. “The board is now being refreshed, there’s a new boss starting later this year.” He said The Star’s revenue is down slightly to $1.5 billion with a net loss of $198.6 million. “It’s probably not going to get any better for The Star over the next couple of months while this inquiry continues but the new Chief Executive Robbie Cook, he starts in a few months so hopefully he can come in and righten up the ship.” What are the odds?
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