Counsel assisting Caspar Conde said there is no indication the casino giant is fit to be given a licence,even under the eye of a special manager.
Hard Rock said it was considering taking legal action after The Star said it was briefly in talks with its local outfit regarding a potential takeover.
There will always be jackals milling around a smelly corporate carcass. But none will want to pay top dollar for this one.
The struggling casino operator’s shares have jumped 20 per cent after it revealed a consortium of parties had flagged interest in buying it.
A wealthy family company based in Hong Kong was cleared to operate a casino in Australia. But it does not want media coverage of a report into its suitability.
Counsel assisting the NSW inquiry into The Star said it was clear the casino was not ready to operate independently and it should remain under external management.
Call it opulent,elevated,expensive – but the luxury home set high in Crown Resorts’ skyscraper can’t yet be called “sold”.
The implosion of The Star Entertainment Group has continued with the departure of newly minted chair David Foster.
The company on Monday confirmed it make 1000 staff redundant at its Melbourne,Sydney and Perth casinos due to poor trading conditions.
Former CEO Robbie Cooke thought he had all the experience needed to rescue Star Entertainment,but his career gamble has led to a spectacular bust.
The Star’s former boss Robbie Cooke has defended his tenure at the helm of the struggling casino giant as an inquiry weighs its future.