Episode Details

Star Entertainment’s latest earnings reveal an eight-million-dollar loss—better than last year’s but still in the red—driven by ongoing licensing chaos. Sydney’s flagship casino is bleeding revenue, down 20% since mandatory carded play and a $5K daily cash limit kicked in last fall, with NSW saying the limit’s here to stay until August 2027. Their Sydney license remains suspended, while Queensland’s Gold Coast license is deferred until September 2026, and Brisbane’s external advisor is extended until then. These regulatory battles, dating back to 2021 investigations into money laundering and terrorism financing, continue to cripple operations and drain profits.

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