This week, the battered gaming giant put on the table a possible sale of its flagship Sydney asset – a 28-year-old institution.
Mr Hewitt said Star Sydney would lose 30 per cent of its business to Crown within the first three years of the rival casino’s operation, and regulatory restrictions had put a
New NSW Treasurer Daniel Mookhey has this week repeatedly attacked the previous state government for a lack of consultation and due diligence when formulating the tax increase and called for an urgent review. Star welcomed the review, but Ms Nair Syama warned shareholders that there are other issues facing the group that go beyond the scope of higher taxes.
“Secondly, multiple risks still persist, including competition, regulation, timing impacts of the Queensland casino transition, management changes.”
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