Star wins stay of execution over Queensland licence
The Queensland government has granted a new reprieve to Star Entertainment’s local operations, while awaiting the outcome of the inquiry in NSW.
The Queensland government has granted a new reprieve to Star Entertainment’s local operations, while awaiting the outcome of the inquiry in NSW.
Former Star chairman David Foster is being paid as much as $40,000 per month by the troubled casino group, despite claims he no longer held an executive role.
The hostile takeover bid by Wayne Swan-headed Diatreme Resources for rival silica sand miner Metallica is getting messier with minority shareholders set to be the big losers.
Star Entertainment says the hostility of former CEO Robbie Cooke and chairman David Foster towards the regulator was ‘deplorable’ and likened their removal to an ‘Icelandic saga’.
Troubled renewable energy firm Redback Technologies is putting a positive spin on its recent financial difficulties that saw it burn through $10m of taxpayer’s money.
Star inquiry head Adam Bell SC says it’s unclear what the troubled gaming group is doing to reform itself in order to retain its Sydney casino licence.
He navigated Covid and a contentious vote to admit women, now Tattersall’s chief executive Simon Proctor is riding into the sunset, with the search for his replacement under way.
The casino group remains leaderless and susceptible to criminal exploitation as it lags behind in remediation efforts and cultural reforms, an inquiry has been told.
Developer Don O’Rorke has taken out the top gong at the property industry’s equivalent of the Logies in recognition of his long service to the sector.
The failed fast-charger firm, which was once the poster child of Anthony Albanese’s manufacturing revolution, owes creditors as much as $260m.
Original URL: https://www.couriermail.com.au/journalists/glen-norris/page/27