Casino operator Star ‘on its knees’ as analyst predicts looming financial collapse

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With hotel rooms, suites, or apartments to suit every need, you’ll find true relaxation at The Ville. Our casino regulation priorities include reform and oversight of casino operations and implementing agreed actions from recent reviews. Earlier this week, Star published its quarterly report, which precedes audited financial accounts due next month.

  • The checks carried out by the Commission as well as the Australian Federal Police, other casino regulatory bodies (where applicable) and financial institutions confirm the integrity of staff issued with a licence.
  • Our in-house retailer offers a range of luxury Crown products available for purchase, including a select range of Crown linen and At Home products.
  • In 2022 the Queensland Government commissioned an external review into the operations of The Star Entertainment Group Limited (The Star) in Queensland, which was conducted by the Hon.
  • Safe harbour allows directors of a company to take steps to turn their business around once it’s insolvent, and avoid personal liability if the company is ultimately unable to trade out of the crisis.
  • Our international-standard casino is sure to keep you entertained with a variety of table games including American Roulette and Blackjack and slot machines ranging from old favourites to state-of-the-art new games in multiple denominations.
  • “And it’ll effectively go into the control of lenders, who can decide what they do with the assets, like selling property or whatnot.”
  • Whether you’re hosting a club award night, a medium sized fundraising gala or an international conference, our team attend to every detail, to ensure your occasion is a resounding success.

Our comprehensive range of premium services mean you have peace of mind knowing that, today and in the future, you’ll be taken care of and your home will remain your home. Featuring private ensuite bathroom and courtyard views, our suites create a peaceful, private oasis for you to enjoy. Relax in style, enjoy breakfast in bed or keep the curtains closed and sleep in.

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Access resources for safer gambling, including tools to identify gambling-related harm, manage habits, and seek support. The independent regulator of Victoria’s gambling industry – ensuring integrity, safety and fairness for all. In the heart of the Richmond Valley, Casino Golf Club offers a premier golfing experience surrounded by stunning natural beauty. Our 18-hole championship course is meticulously maintained and suitable for players of all skill levels. Register your details to be in the know for our latest news and offers. We are committed to promoting the socially responsible enjoyment of gambling and have a range of measures designed to ensure any potential harm from gambling is minimised.

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The published report states that it made a loss before interest, tax, depreciation and amortisation costs of $27 million for the quarter to June 30, on revenue of $270 million. The casino operator said it may face equity contributions above this level if required as part of refinancing commitments when the current loan expires on December 31, 2025. “It suggests the company just needs to be shut down and someone else appointed to run the casino business.

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The worse-than-expected cash burn saw Star’s share drop further to a new low of about 10 cents last week. “On the cost side, Star is trying to prove suitability to regain its licences both in New South Wales and in Queensland, with that leading to a massive uptick in legal, transformation and compliance costs.” “The consumer is weak with cost of living pressures, and mandatory carded play is really weighing on revenue at Star. “We won’t be bailing them out,” NSW acting premier Penny Sharpe told reporters on Monday.

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The discounted room rate is based on the best unrestricted flexible rate of the day which changes based on availability and demand. This discount is subject to availability, and blackout periods, and must be booked within your current Tier Review period. Your 365 day entitlement in the upgraded Tier then begins from your next Tier Review Date. The time between the upgrade and your Tier Review Date means you could have longer than 12 months in the upgraded Tier. Try your luck with gaming at The Ville Resort-Casino with 370 gaming machines, daily promotions and over 20 table games. Do you fancy your chances at blackjack or roulette, or have you got a knack for picking a winning horse?

To update your name or residential address, visit the Guest Service Desk on property and our friendly team will be able to assist. You can update your mailing address, phone number, email address and communication preferences by logging into the ‘My Details’ section on The Star Club website, The Star App or a Kiosk on-property. Read the public statement about the findings of the suitability review. We are working with the special manager to monitor The Star’s implementation of, and compliance with, the approved remediation plan and its progress towards suitability. Assessment of The Star’s progress will inform future decisions regarding The Star Gold Coast’s licence suspension. Read the former Attorney-General’s media release about the disciplinary action.

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We pay our respect to First Nations peoples and their Elders, past and present. Find out how to apply for a casino key employee licence on the Australian https://rickycasino.games/ Business Licence and Information Service (ABLIS). Plus, progress through the Tiers to unlock a VIP Multiplier on your Casino Dollar earn – meaning you’ll earn Casino Dollars faster every time you play, stay or dine.

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The company will release its interim results at the end of February but Morningstar analyst Angus Hewitt warns the company needs a solution before then. A Macau investor has built up a significant stake in the casino operator, spending more than $30 million on shares since September. Hyman had worked since November at Rudin Management, which owns the building and has offices on the 33rd floor. A 2020 graduate of Cornell University, she had been the captain of Riverdale Country School’s soccer, swimming and lacrosse teams in her senior year, school officials said.

Without the Minister’s approval, the casino operator entered into an agreement with Lawrence Fu to bring high roller players to the casino to gamble. On 2 August 2023 The Star was fined $140,000 after it pleaded guilty to 11 charges under the Casino Control Act 1982 relating to the operation of the Treasury Brisbane and The Star Gold Coast casinos. Read the Attorney-General’s media release about the prosecution. The plan outlines the steps The Star will take to return to suitability to hold a casino licence in Queensland.

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The company is a major backer in the recently opened Queen’s Wharf entertainment precinct in Brisbane, with a cost blow-out on the $3.8 billion project putting Star’s already shaky future in jeopardy. Star is now battling legal action, with the corporate watchdog ASIC alleging Star’s board and directors had “failed to give sufficient focus to the risk of money laundering and criminal associations”. One inquiry found Star had allowed organised crime bosses, including triad gangs from Macau, to run gambling operations out of its premises, with it deemed “unfit” to hold a licence. Leaders in the two states where Star runs casinos are now talking about contingency plans for workers, although the company’s issues are so publicly toxic that talk of help is carefully worded.

You get to spend your time as you see fit and live life on your terms. Our light-filled, private single suites are decorated and furnished to create an environment that delivers maximum comfort, convenience and privacy. Once you have completed the form please send it back to your employer or the form can also be emailed to

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From acclaimed restaurants and award-winning hotels, to world-class table games and endless entertainment, Crown Rewards helps you to discover the world of Crown and be rewarded. Our international-standard casino is sure to keep you entertained with a variety of table games including American Roulette and Blackjack and slot machines ranging from old favourites to state-of-the-art new games in multiple denominations. If you already hold a casino employee licence, save your progress and do not proceed any further. Once you have completed your first application your account will then be permanently linked to the individual person you select during the first part of the application. “I can’t imagine a federal or state government wants to be seen to be putting money into a casino business,” Professor Harris said. Professor Harris believed Star was more likely to go into administration and split off its casino business from the company, describing the parent company as “hopelessly insolvent”.

Creating a casino employee application

Meet some of our shareholders and view some of the many projects CFC is undertaking on our shareholder farms and in our community. Australian Leisure and Hospitality Group (ALH) has been fined $38,000 in the Magistrates’ Court of Victoria for offences involving minors at its venues in 2024. From 1 July, venue operators will have access to, and will be required to use, the electronic CCR on the IGS BOS portal to lodge all poker machine winning payments made via cheque or EFT.

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“Our non-negotiable is around the people who work there,” Queensland Premier David Crisafulli said Friday morning. Asset management firm Oaktree, based in California, made an offer to lend Star $650 million last month. Administrators recommend liquidation when it’s the best option for creditors to receive a payout.

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Wrest Point are your event specialists, catering for events big and small. Whether you’re hosting a club award night, a medium sized fundraising gala or an international conference, our team attend to every detail, to ensure your occasion is a resounding success. Renowned as a place for special occasions, The Point is 17 floors above the River Derwent. Here, you’ll enjoy not only magnificent French-inspired cuisine, but also unforgettable 360-degree views of Hobart. If you’ve never stayed with us, we’ll let you in on a little secret. Staying in the iconic Wrest Point Tower, you’ll get to take in stunning views of the River Derwent, kunanyi / Mt Wellington, or Hobart City.

As investigators worked in both New York and Las Vegas, one of the victims, real estate firm worker Julia Hyman, was buried Wednesday after a packed, emotional service at a Manhattan synagogue. At Tamura’s Las Vegas studio apartment, investigators found a note with a different troubled message, police said Wednesday. They said the note expressed a feeling that Tamura’s parents were disappointed in him and included an apology to his mother. If you love a flutter or are just looking for an exciting night out at the hottest place in Darwin, Mindil Beach Casino Resort is where you need to be. We’ve got you covered for the perfect game, bar, restaurant, and accommodation options all under one roof. As a responsible entertainment venue, we are committed to ensuring the safety and well-being of all our patrons and creating a safe and enjoyable environment for all our guests and staff.

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No person under the age of 18 years is permitted entry to the casino.

  • The casino operator said it may face equity contributions above this level if required as part of refinancing commitments when the current loan expires on December 31, 2025.
  • Star’s lawyers told the Federal Court last month that a fine of more than $100 million could trigger the group’s financial collapse.
  • The festival provides the perfect opportunity to explore this stunning pocket of Australia, which is located an easy drive from Brisbane and the Gold Coast and just 40 minutes from Byron Bay.
  • Star said Destination Brisbane Consortium (DBC), in which it continues to hold a 50 per cent equity stake, has a debt exposure of $1.4 billion.
  • One inquiry found Star had allowed organised crime bosses, including triad gangs from Macau, to run gambling operations out of its premises, with it deemed “unfit” to hold a licence.
  • Star’s inability to close the sale of its majority stake in the Queen’s Wharf casino in Brisbane to its Hong Kong-based business partners by that deadline could cost the company $36.5 million.
  • If you have provided us with your mobile number at time of booking you will also receive your booking confirmation number via SMS.

Wrest Point Accommodation

To view all available rate types for a particular room type select the ‘Show Rates’ button. Select the ‘Book Now’ button on your chosen rate type, then proceed to entering your contact information and if applicable, your credit card details to confirm your booking. You earn Tier Points when you use your Membership Card through gaming play, on purchases at selected restaurants and bars, when you stay at one of our luxurious hotels across any of our three properties or enjoy a spa treatment. There are more than 600 pokies to choose from, including a full selection of your favourite games. Aristocrat strives to lead the way in responsible gameplay and good governance, among other sustainability priorities.

A Star-Studded Mother’s Day Luncheon Delights Guests at Casino RSM Club

We’re a diverse global business, listed on the Australian Securities Exchange (ASX) and our team of more than 7,300 people is united by our shared values and mission to bring joy to life through the power of play. All new games and amendments to current games must be approved by the Commission. The approval of the rules of the games by the Commission ensures that the casino games are fair and that the rate of return to players is reasonable. With your application you are required to provide a recent, original or certified copy of your Personal Credit Report. This may be obtained from a Credit Information Provider FREE of charge. If you have provided us with your mobile number at time of booking you will also receive your booking confirmation number via SMS.

  • In 2022 the Queensland Government commissioned an external review into the operations of The Star Entertainment Group Limited (The Star) in Queensland, which was conducted by the Hon.
  • Available to Gold Members and higher, your complimentary hotel nights balance can be found under the ‘Hotel Benefits’ section after logging into your Member Dashboard at thestarclub.com.au, through The Star App or at a Kiosk on-property.
  • Star has struggled to stay afloat for months, and had $234 million in cash at the start of the month.
  • Whether you’re hosting a club award night, a medium sized fundraising gala or an international conference, our team attend to every detail, to ensure your occasion is a resounding success.
  • As part of this application the casino licensee must state the maximum number of authorisations for casino gaming machines intended to be held by the licensee.
  • Our international-standard casino is sure to keep you entertained with a variety of table games including American Roulette and Blackjack and slot machines ranging from old favourites to state-of-the-art new games in multiple denominations.

“Star has other potential lifelines, including selling individual assets or finding a potential suitor. “Star could struggle to raise capital in current conditions, and investors were burnt twice in recent equity raisings.” Star was obliged to reveal this fact as the company is not allowed to have any individual exercise more than 10 per cent voting power, due to restrictions imposed by the NSW and Queensland gambling regulators. Xingchun Wang has amassed more than 158 million shares in the company since September and now has a 5.5 per cent stake — that makes him the second largest shareholder in Star Entertainment, according to LSEG data.

An inquiry into the suitability of Crown Melbourne Limited to hold a casino licence. Once you’re a Member of The Star Club, you can keep up to date with your latest Member offers in The Star App. Opt-in for notifications for The Star App in your mobile device settings and update your ‘Marketing Communications’ preferences in your ‘Account’, or ask the team at the Guest Service Desk for help. See the ‘My Benefits’ section via the Website or your Member Dashboard via The Star App to view your Complimentary Hotel Nights balance and terms and conditions.

  • Star’s Hong Kong-based co-investors in the Queen’s Wharf development have already been circling its stake.
  • Pursuant to Section 41 of the Casino Control Act 2006 a person must have a licence to work at the casino.
  • Now one of Australia’s biggest casino operators is facing the prospect of losing it all, with a top analyst predicting Star Entertainment Group has a 50 per cent chance of going into administration.
  • Available to Gold Members and higher, your complimentary hotel nights balance can be found under the ‘Hotel Benefits’ section after logging into your Member Dashboard at thestarclub.com.au, through The Star App or at a Kiosk on-property.
  • The Office of Liquor and Gaming Regulation (OLGR) takes community concerns about the integrity of Queensland’s casinos seriously.
  • Our 18-hole championship course is meticulously maintained and suitable for players of all skill levels.
  • As part of this application the casino licensee must state the maximum number of authorisations for casino gaming machines intended to be held by the licensee.

This will be used to access your account and must be kept secure. All Members can cancel bookings online and make a new booking. Partners of Platinum and Diamond members are entitled to their Primary Partner’s room discount subject to availability and blackout periods, and your Primary Partner maintaining their Tier. Partners of Platinum and Diamond members can book their own room discount outside their Primary Partner’s Tier Review Date. Members can view their Complimentary Hotel Night balance, but not make bookings, via a Kiosk. You can also see how many Tier Points you’ve earned today, this week (Monday-Sunday) or this month (calendar month), so you’ll always know how many Tier Points you’re earning.

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Hotel resort accommodation and world-class cuisine in relaxed, tropical surrounds built for leisure-seekers. The perfect playground for your dream getaway in the stunning natural landscape of Townsville, North Queensland, Australia. You can monitor the status of your application via the My Account page when you are logged in on the account under which you completed the application. Complete the necessary pages and then click Submit to continue through to the Casino Employee Licence application form. In accordance with the Casino Control (Burswood Island) (Licensing of Employees) Regulations 1985 persons employed at Crown Casino in a casino related activity must be licensed in either a key or non-key position.

With spacious rooms in Tasmania’s tallest building, there’s modern deluxe and standard options, and something to suit every taste and budget. On 19 November 1993, a casino licence was granted to Crown Melbourne Limited (Crown). It can be a big change and take a little while before you feel settled. But there are some things you can do to make the move easier smoother and allow you to enjoy your new home. Naturally, our great care and medical services are always close at hand if you need them.

Safe harbour allows directors of a company to take steps to turn their business around once it’s insolvent, and avoid personal liability if the company is ultimately unable to trade out of the crisis. In recognition of the deep history and culture of this island, we would like to acknowledge and pay our respects to all Tasmanian Aboriginal people; the traditional owners of lutruwita. With conferences and exhibits, keeping key people together matters. Our venue offers great dining, bars, function areas and accommodation all in one. With an accessible location by car and ferry, and free parking for all guests. When you host an event at Wrest Point, you can do and achieve more, without complexity.

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