All this drama at Star for a slap on the wrist and $15m fine?
The casino group gets one more chance in Sydney, but is far from being out of the woods. It could go broke if it doesn’t secure a big new backer by this time next year.
Having humiliated Star Entertainment’s board and management team with a second inquiry, run its CEO and chairman out of town, scared off punters and potential recruits, and almost sent the company broke, just how bad does the casino owner’s plucky regulator really think it is?
Not THAT bad.
Loading...
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
