Day one of the corporate watchdog's case against Star Entertainment has begun in a Sydney court. Former directors and executives face allegations they enabled conduct including dodging security cameras, bringing in cash in esky bags, and hiding the use of Chinese debit cards from National Australia Bank at its Sydney and Brisbane casinos. In a statement to the ASX, Star confirmed its Hong Kong partners, Blackcoin Far East Consortium and Chow Tai Fook Enterprises, have issued formal notice to terminate the deal which would have seen them take full control of the Brisbane mega-project. The Queensland LNP government released a sensitive report into Star’s Brisbane casino business partner. The future of its Queensland and NSW casinos hang in the balance and the 8000 or so staff that work at the three properties endure another anxious wait. The adage "you do the crime you do the time" springs to mind when listening to Star Entertainment’s protestations that if stung with a legal fine of $400 million for money laundering, it will go broke. "This all begs the question, would that necessarily be a bad thing for Australia if we had one less casino operator?
An alternative $250 million takeover offer from US casino operator Bally’s currently isn’t Star’s preference because it is considered too low. With limited parking spaces, we encourage our guests to take advantage of the various public transport options, where possible. The car park is regularly at full capacity during peak periods, such as Friday and Saturday evenings. August 29, 2024, will mark a significant date for Brisbane and all of Australia, as the long-awaited opening of the newly renovated Star casino Brisbane will take place on this day. This event promises to be a milestone in the city’s history and will open a new chapter in the development of the region’s entertainment industry. In 2017, a large-scale renovation and rebranding began, during which Treasury casino was transformed into Star casino Brisbane. This transformation was part of a broader project to develop the Queen’s Wharf entertainment complex, which includes hotels, restaurants, residential complexes, and other infrastructure facilities.