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The Star Entertainment Group and its joint venture partners Chow Tai Fook Enterprises and Far East Consortium are developing the $3.6 billion Queen’s Wharf Brisbane precinct. Expected to commence a staged opening from August 2024, Queen’s Wharf and The Star Brisbane will deliver transformational impacts on Queensland jobs, training and tourism, both domestic and international.
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Stars Casino has a lot of strengths, but if your idea of a great online casino is sheer volume in terms of games, this is not that site. Rather than fill its menu with thousands of different games, Stars has focused on providing a smaller number of high-quality gaming options. They come from a small group of reputable software providers, including NetEnt and Play’n’Go, and cover slots, table games, and live dealer tables.
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Our way of ensuring whenever you visit The Star Sydney, The Star Gold Coast and The Star Brisbane, whether it’s for a meal, a fantastic show or a roll of the dice, you do so with the confidence that you’ll be well looked after.
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“We are at a critical point in our liquidity, with the business currently experiencing material negative cashflow on a monthly basis,” McCann told investors at the casino operator’s annual general meeting in Brisbane on Thursday morning.
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Restrictions on cash gambling were introduced in select areas of Star’s Sydney casino in August, with carded play and $5000 cash limits coming into effect across the entire gaming floor in October.
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On 13 September 2022 the NSW Independent Casino Commission (NICC) published a report finding The Star unsuitable to hold its Sydney casino license because of its conduct relating to risks. It had 14 days to respond. The company was fined A$100m ($62m) as a result. Star's gambling license was suspended and operations were placed under a new manager Nicholas Weeks.
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Sydney's The Star casino may have been thrown a lifeline by the NSW gaming regulator, but it remains in peril.
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The Star recognises the continuing connection to land, sea and community of First Nations peoples and we pay our respects to Elders, past and present. We respectfully acknowledge the Traditional Owners of the land on which our properties are located, the Turrbal and Jagera people of the Brisbane region, the Yugambeh language people of the Gold Coast region, and the Gadigal people of the Eora Nation in Pyrmont.
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In late 2022, the Queensland Government also found Star unsuitable to hold its dual state casino licences. Former Court of Appeal Judge conducted an independent review of the matter. Queensland Attorney-General found Star misled regulators and failed in its anti-money laundering duties. The company has been served a statement of claim for a securities class action in the Supreme Court of Victoria. The class action alleges that Star breached disclosure obligations and acted against the best interests of the shareholders. Star was fined $100 million on 9 December 2022. Casino licences for the Treasury Brisbane and the Star Gold Coast will be suspended for 90 days, with this action deferred until December 1, 2023. The deferment gives Star an opportunity to remediate its management and operations.