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Business
March 22, 2024
Star Entertainment Announces Leadership Changes as NICC Probe Looms
Star Entertainment Group, an Australian gambling giant, is set to undergo another leadership reshuffle. As announced by the operator, Christina Katsibouba, its chief financial officer, is set to exit with immediate effect. More importantly, Robbie Cooke will step down as CEO amid the ongoing license suitability concerns. Katsibouba Departs, O’Connell Joins as Interim CFO Katsibouba’s […]
Business
March 21, 2024
Star’s Special Manager Is Being Paid $1M a Year, Report Says
Nicholas Weeks, the government-appointed special manager of Star Entertainment’s business is being paid almost $1 million a year for his work at the company’s Sydney casino, the Financial Review reported. Considering that Weeks is also responsible for overseeing the group’s casino in Queensland, his salary might be well over what Star CEO Robbie Cooke gets. […]
Casino
February 19, 2024
Star Entertainment Formalizes NSW Jobs Guarantee, Cashless Gaming Trial
The Star Entertainment Group announced that it has formalized the previously announced aspects of the arrangements agreed in principle with the NSW Treasurer, Daniel Mookhey, securing the company’s jobs commitment and cashless trial. In line with the initial agreement from August 11, 2023, The Star entered into a Jobs Guarantee Agreement with the state of […]
Industry
February 19, 2024
The Star Entertainment Faces Bell Two Investigation
The Star Entertainment Group, Australia’s iconic ASX-listed group that owns and operates The Star Sydney, The Star Gold Coast, and Treasury Brisbane has announced it faces a second inquiry into its suitability to hold on to a casino license. At the moment, the group has six critical months to prove that it is capable of […]
Industry
January 30, 2024
New Regulations Introduced at Star Entertainment to Curb Excessive Gambling
In response to mounting pressure from government inquiries and community concerns regarding gambling addiction, Star Entertainment has announced stringent new regulations aimed at curbing excessive gambling habits among its patrons. Star Club Members Briefed on New Responsible Gambling Measures Members of The Star Club have been briefed on the forthcoming changes, which include mandatory breaks […]
Business
January 24, 2024
The Star Selects Daniel Finch for Brisbane CEO
The leading gambling and entertainment company in Australia, The Star Entertainment Group, announced a new strategic senior-level appointment. The company confirmed Tuesday it selected the former Expedia Australia executive, Daniel Finch, for the role of chief executive officer (CEO). In his new position with The Star, he will be tasked with overseeing the company’s Brisbane […]
Business
November 24, 2023
NSW and Queensland Extend Star Entertainment’s Special Manager Terms
New South Wales (NSW) and Queensland regulators appointed special managers to oversee the company’s operations after the scandals surrounding its risk management failures and unethical behaviors. The beleaguered operator has recorded substantial progress in remedying its deficiencies but must still convince authorities it is ready to resume control. Both Regions Expect Swift Progress In ASX […]
Industry
November 21, 2023
Star Entertainment Group and NSW Government Negotiate New Casino Duty Rates
Talks between the beleaguered operator and the NSW Government concluded in a compromise, significantly reducing the originally envisioned levy increases. However, the planned duty rate hikes will further strain Star Entertainment’s efforts to recover from the wake of its money laundering scandals and regain the trust of consumers and regulators. The Operator Is Yet to […]
Casino
November 6, 2023
Star Entertainment Completes Sale of Grand Mirage Resort Gold Coast
Star Entertainment Group has completed the sale of its Sheraton Grand Mirage Resort Gold Coast property. Announced earlier this year, the sale saw the Australian casino and hospitality giant sell the property for AUD 192 million (roughly $128 million at the time of the announcement). The sale of the property came amid regulatory headwinds that […]
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 […]
