Star Entertainment has put its flagship Sydney casino up for review and will cut 500 jobs group-wide.
has put its flagship Sydney casino up for review and will cut 500 jobs group-wide, cancel executive bonuses this financial year, and freeze salaries.
Star said there had been a “significant and rapid deterioration in operating conditions” following damaging inquiries.It conceded there had been a “significant and rapid deterioration in operating conditions” following damaging inquiries in NSW and Queensland that both found Star unfit for holding its casino licences. “Emerging weakness in consumer discretionary spending” was also cited as playing a significant role.
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