Queen’s Wharf job fears as Star seeks approval for casino deal

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United Workers Union casinos director Andrew Jones said the union had been supportive of the Star Brisbane through many of its hurdles. The deal has left employees with questions about the future of their jobs in the precinct. “At the core of the issue is the transfer of a major live casino bonus wagering requirements Australia licence to a new ownership structure,” he said. In exchange, Star would receive a $53 million cash injection and stakes in Gold Coast hotels near its casino there. A Queensland government spokesperson says the deal is subject to government approval.
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Alarming laws and legislation have been passed in other countries that can significantly impact people’s lives. As a business, instant crypto payments The Star is ahead of many in our industry in terms of diversity and inclusion, MGM Grand live roulette but there’s still a lot to do. The Trans and gender-diverse communities are starting to feel vulnerable, so let’s continue to work on making The Star a safe and inclusive place for everyone, esp., for trans and gender-diverse team members. Bally’s Corp (BALY) makes a surprise $158M bid for Australia’s Star Entertainment (EHGRF) to recapitalize assets. Sharemarket rallies after US futures, Asian stocks lift; Deutsche Bank first to tip 50bps May cut; Star saved as Bally’s swoops in; $A holds near five-year low.
Discussions between Star and the State continue to develop, with the hope that tax increases will not be as damaging as projected by investment analysts. Star’s recent financial results were delayed by liquidity concerns and the company’s shares were suspended from the ASX. The company subsequently secured fresh funding, published its numbers and returned to trading in volatile style. Last Monday, 20 January, the Star Casino share price crashed 17.9% on the heels of the company’s second-quarter update. The price tag instant payouts for players the assets is around $60 million, money sorely needed to keep the cash-strapped company afloat. Management noted that the transaction remains subject to a number of customary conditions, including relevant government and regulatory consent, as well as the finalisation of long-form transaction documents.
Investors digest news of insider selling at the ASX 200 defence company. Most importantly, the regulator will decide whether Star is suitable to hold a casino license in NSW at the end of the hearing. The academic services and utilities sectors have been in solid demand, while Ansell’s strong result has led healthcare higher. “(I want) an A3-(sized) piece of paper of ‘Who’s Who In The Zoo’, what committee they had, reporting lines with senior management … where people fit in and what responsibilities you say they have.” A 2% miss on the market’s consensus call on Car Group’s first half profit has been punished by investors.