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A week on from the release of a scathing report that declared it was unsuitable to take back control of its lucrative Sydney casino licence, the company’s board confirmed it was in talks over its short-term financial position « in light of adverse trading and other conditions ». « We want to make sure taxpayers receive the full dividend from this project, but the fact is we won’t receive that dividend if the Queen’s Wharf Brisbane closes and 1400 people lose those jobs, » he said on Thursday.
The 42-year-old has pleaded not guilty to two counts of dangerous driving occasioning death and one count of negligent driving occasioning death, and is facing a trial in Sydney’s Downing Centre District Court. The Star’s Sydney licence remains suspended after a first inquiry found damning evidence of anti-money laundering and counter-terrorism failings, although it has been allowed to keep the casino operating with a regulator-appointed manager. Anya Lim, 25, was driving on the Anzac Bridge, in the city’s inner west, shortly before midnight in December 2022 when she bumped into a vehicle being driven by Hongyi Zhang, 40, prompting both drivers to get out.
But the NSW government has ruled out providing further taxpayer assistance to The Star after giving the casino a reprieve on a planned poker machine tax increase until 2030 in return for a transitional deal that included a jobs guarantee. « The Star is currently reviewing its financial and liquidity position with various advisers in the context of seeking to finalise its preliminary financial report for the financial year, » the statement said.
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