Thursday, April 18, 2024

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The Star: public hearings in Bell Two Inquiry have commenced

Beleaguered Australian gaming operator The Star announced on Monday that the public hearings as part of the second Bell Inquiry into its Sydney casino operations were ‘scheduled to commence today’.

The Star records net loss of $4.4M due to absence of high-end players

Australia’s Star Entertainment Group faced another setback as it disclosed a net loss of AU$6.8 million ($4.4 million) in the first quarter of 2024, attributed to the ongoing absence of high-end players.

The Star CEO resigns amidst ongoing reforms

Australian gaming operator The Star has announced that its CEO Robbie Cooke is resigning, with the group’s Chairman David Foster to take on his responsibilities as the company seeks a new executive for the role.

The Star sees $5.9M in profit for fiscal half-year, amongst inquiry woes

Australian gaming group The Star Entertainment has announced that it achieved some AU$9.1 million ($5.9 million) in profit after tax for its fiscal half year, amongst a “challenging regulatory environment”.

Daily Asia Gaming eBrief: The Star quandaries and Macau CNY progress

Australia's gaming crackdown continues, with The Star facing a new inquiry which is "unimaginable" considering its recently renegotiated terms for employment and cashless gaming at its Sydney casino, notes an expert. In addition, Macau's Chinese New Year revenues continue to impress, but market share gets further divied up.
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The Star situation “unimaginable”, CNY boosts Macau but not ASEAN: Ben Lee

The news that Australia’s The Star Entertainment is facing a second inquiry into whether its Sydney property can hold a casino license is “unimaginable”, considering the recent negotiations over duty rates, says expert Ben Lee.

The Star Sydney starts cashless gaming trial

The Star Entertainment Group Limited has officially launched a trial of cashless gaming and carded play at The Star Sydney casino, the company has announced.

The Star’s share plunges to record low amid Sydney casino probe: report

The Star saw its shares plummet by almost 26 percent to an all-time low on Tuesday, following an announcement by the NSW casino regulator of a second investigation into the company's Sydney casino operations.

The Star Sydney casino license at risk as second Bell inquiry launched

Australia’s second-largest gaming operator, The Star, is facing a second inquiry into its Star Sydney casino operations, as authorities in New South Wales have opened a new probe into its suitability to hold a casino license in the state.

The Star reaches agreement with NSW authorities on tax rates: jobs and cashless trial

Australian gaming operator The Star has inked an agreement with authorities in New South Wales for revised tax rates, requiring both a jobs guarantee at its Sydney casino and a cashless and carded play trial.