A rescue deal for Star won’t solve its existential crisis
Star’s mounting losses show the urgency of its ugly situation. But even winning the support of governments and lenders won’t solve its biggest problem.
With casino operator The Star Entertainment Group just weeks away from possible collapse, chief executive Steve McCann has no time for philosophical questions about the future of the industry.
But as Star scrambles for a deal, the big existential question hanging over its future isn’t going away: can you run a sustainably profitable casino business in the brave new world of Australian gambling?
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
