The Queensland government is expected to join Star Entertainment Group’s rescue party as the embattled casino operator stares down a multimillion-dollar tax bill, giving new chief executive Steve McCann more breathing room to right the ship.
Street Talk understands Steven Miles’ state government, advised by law firm McCullough Robertson Lawyers, has all but agreed to turn unpaid and incoming payments into a loan structure.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
