Fight to save jobs as The Star’s casino empire teeters

«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 group, which runs Sun City resort and high-end hotels The Maslow Sandton and The Table Bay, said adjusted headline earnings per share — the country’s main profit measure — grew to 215 cents in the six months to June 30 from 197 cents a year earlier. «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.

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». 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.

If you have any issues relating to in which and how to use IVIP9, you can get hold of us at our own web site. 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.

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