2026-05-16

Instead, the company focused on meeting regulatory remediation plans and rebuilding trust across its markets.
Once regulators escalated their scrutiny, compliance quickly became Star’s top priority—and
if you follow the company’s trajectory, you’ll see how this shift changed everything.

This triggered investigations from AUSTRAC and state regulators in New South Wales and Queensland.
“Regardless of what happens with the ownership, our focus has to be on making sure there’s jobs,” Crisafulli said.
“If you’re asking me whether or not I think it is a good use of taxpayer money to prop up individual companies, I would suggest to you the focus should be on individual workers,” he said.

Crisafulli would not entertain any tax deferrals for the company and insisted the focus be on Queensland
jobs. It has a potential lifeline in the form of a $100 million debt facility but has not been able to access that capital.

“That includes all our regulators, our 8,000-plus team members and our almost 75,000 shareholders.” “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.
“The remediation plan has taken many months to develop and will really drive reforms I now expect to see coming out of there.” But the fact is, we won’t
receive that dividend if the Queen’s Wharf Brisbane closes and
1400 people lose those jobs,” Miles said.
A huge police team with Polair helicopters was deployed to find the car, which allegedly continued to be driven dangerously through the city. Mathieson owns a 9.6 per cent stake but recently received regulatory approvals to acquire up to 20 per cent of Star’s shares. Discussions with its major investors, such as pokies billionaire Bruce Mathieson, continued deep into Sunday evening ahead of the expected release of Star Entertainment’s annual results on Monday.
“It might not work, and those 1,400 Queenslanders would lose those jobs,
but I think it’s appropriate for the government to look to what we can do to try to protect those jobs,” he said on Thursday. Miles said his “first priority” was to protect the 1,400 jobs the new casino represents. The company continued to jointly develop its new Queen’s Wharf casino in Brisbane, with joint venture partners Chow Tai Fook Enterprises and Far East Consortium. The Star Entertainment Group, worth $1.29bn, is one of the largest casino companies operating in Australia. Fund manager Perpetual has been another willing backer of Star Entertainment in recent months.
“We’ve had a very brief conversation with their banker,
but we have not heard anything from the company since we’ve made
our offer,” Mr Kim confirmed. The Bally offer came as a late, alternate proposal and Star Entertainment chief executive Steve McCann has not been in contact with the US outfit, who made an “unsolicited” offer. On Tuesday, Star confirmed media speculation that the refinancing offer came from Salter Brothers Capital, with which it has entered into an “exclusivity and process
deed”. He was “pleasantly surprised” by the potential of the casino group, which has been running out of cash after regulator crackdowns in two states, following revelations that international gangs were using the casinos to launder the proceeds of crime. On Monday, Bally’s offered at least $250 million in funding, in exchange for a controlling stake in Star. When he saw the embattled casino operator was selling its 50 per cent stake in the just-finished Queen’s Wharf casino in Brisbane, Mr Kim got on the phone. Soo Kim is the chair of the US casino giant Bally’s and is offering a financial lifeline to cash-strapped Star Entertainment.
The revised timeline was announced in an ASX statement in December, informing shareholders that DBC had reached a settlement in the Supreme Court with Multiplex Constructions over cost blowouts and delays on the project. The project is being delivered by the Destination Brisbane Consortium (DBC) which Star holds a 50 per cent stake in, while Far East Consortium and Chow Tai Fook Enterprises hold 25 per cent each. Meanwhile, The Star’s Queens Wharf project in Brisbane has been delayed for a fifth time, with the $3.6 billion precinct now expected to open in August. Queensland’s Attorney-General Shannon Fentiman announces the penalties two months after she found the gambling giant unsuitable to hold a casino licence in Queensland, following a major report. “We are on a journey to restore our
suitability and our remediation plan will track and hold us accountable to the multi-year program we
are committed to delivering,” a spokesperson said. “There are serious questions
to be answered about Labor’s decisions to allow Star
to continue holding a casino licence in Queensland,” he said.
“Of concern is some evidence of relatively high problem gambling rates for
both of these groups, with further recruitment of these
patrons potentially leading to increases in problematic gambling or harm in the longer
term.” Monday’s announcement reiterated that there “remains material uncertainty as to the group’s ability to continue as a going concern”.

It said its board considered each of the proposals it had received to date “and after careful consideration (which has included external advice) concluded that none of the proposals have provided sufficient value for The Star”.
The court will continue hearing from Dr Higgins on Tuesday, with defendants are due to front the
court in coming weeks. As part of the settlement arrangement, Mr Theodore will be disqualified from managing corporations for nine months.
The court has heard allegations the leadership approved relationships with people linked to organised
crime, rather than addressing money laundering risks by questioning whether Star
should be dealing with those individuals. Shares in Star rallied on Monday,
after the casino operator confirmed it had received bids to buy out its stake in Brisbane’s Queen’s Wharf development, as it warned of “material uncertainty” about its future prospects.

The variance in these two assumptions highlights the uncertainty of the casino’s potential impact.
There is so much talk, theories, reports, and misinformation about the potential impact of the
new Brisbane casino on the Queensland Club and Hotel industry, it’s difficult for anyone
to get a clear understanding of what the impact may be. To continue, upgrade to a supported browser or, for
the finest experience, download the mobile app. Far East said in a separate statement on Monday that Star must repay A$10 million ($6.5 million)
or forfeit its remaining third stake in the Gold
Coast casino within 30 days of the Brisbane deal being terminated.

Chow Tai Fook companies retained their stake in the project, alongside Suncity, even after Chau’s arrest last November.
The company’s chequered history includes a role in a failed Australian casino bid
with discredited gambling tycoon Stanley Ho
and interests in his companies, which have been blacklisted in New South
Wales. 7NEWS can reveal on Tuesday, senior ministers met
with Hong Kong joint venture partners, Chow Tai Fook Enterprises and Far East Consortium, to outline their plan to
takeover Star’s 50 per cent stake in Queens Wharf. His message to staff is to keep
working hard to make sure every customer is happy, while his message to state regulators
is specific. “I can’t guarantee there won’t be any job losses because we have to make sure we have the right team in place. He observes that the casino is so high-end, it almost seems unattainable to the people they want visiting the property.

2026-05-17

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I tested the mobile PayID experience across our top picks to see exactly how these casinos handle real money deposits on the
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2026-05-18

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2026-05-18

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2026-05-18

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Also, you are looking for methods that support payouts as well.
If you deposited with a method that does not support payouts,
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Unfortunately, Neosurf does not support payouts. Under these
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You will also find step-by-step instructions for your first
transactions and even a list of the best Neosurf casinos
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Neosurf vouchers enhance privacy as they don’t require personal or financial information for
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2026-05-19

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The same bonus can work well for a pokies player and poorly for someone who mostly plays table games.
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