Star Sydney’s CEO Robbie Cooke has accused former treasurer Matt Kean of giving no regard for the casino’s 4000 staff when he announced a surprise tax increase proposal. Kean was quick to hit back.
The NSW government is weighing up the implications for the company’s cash-strapped Pyrmont casino.
The issue was uncovered in the 2021 Royal Commission into Crown Melbourne among voluminous documents that Crown disclosed for other purposes.
Crown Resorts is bracing to pay one of the biggest financial penalties in Australian corporate history over the group’s anti-money laundering and counter-terrorism failings at Crown Perth and Crown Melbourne.
Former directors and executives say their decisions were in the best interests of the company in response to allegations of widespread lawbreaking at the group.
Victoria’s gambling watchdog said the casino effectively provided gamblers with a line of credit they should not have been able to access,raking in up to $75 million in extra profits.
Star Entertainment’s financial position has gone from bad to diabolical. And the previously unthinkable prospect of having to sell its marquee asset,the Star casino in Sydney,is now up for discussion.
The embattled casino group will axe 500 positions as part of a series of cost savings initiatives following record low earnings.
The union representing thousands of workers at Sydney’s Star casino has sought an urgent meeting with the NSW Treasurer.
Chris Minns needs to get on the front foot regarding gambling policy,despite The Star threatening to review its Sydney operations if a proposed tax hike goes ahead.
NSW Premier Chris Minns would not be drawn on whether his government will maintain a controversial casino tax increase proposed by the former government.