The Queensland Government has granted The Star Entertainment Group an extension of six months to showcase its expertise in operating casinos in Brisbane and the Gold Coast. Originally scheduled to conclude next Friday, the 12-month deadline has now been prolonged until 31 May.
This extension grants The Star additional time to demonstrate its capability in managing the construction of Queen's Wharf and its existing Gold Coast casino. Failure to exhibit compliance could result in a suspension of the group's gaming license in Queensland for a period of 90 days.
Nonetheless, The Star informed the Australian Stock Exchange on Friday that Queensland's Attorney-General, Yvette D'Ath, has approved its comprehensive 640-point remediation plan. D'Ath emphasized that any failure to adhere to this plan would subject The Star to further disciplinary action, including fines of up to AU$5m.
She acknowledged that while there is evidence of significant organizational changes within The Star, the transformation process is still in its early stages.
This extension grants The Star additional time to demonstrate its capability in managing the construction of Queen's Wharf and its existing Gold Coast casino. Failure to exhibit compliance could result in a suspension of the group's gaming license in Queensland for a period of 90 days.
Nonetheless, The Star informed the Australian Stock Exchange on Friday that Queensland's Attorney-General, Yvette D'Ath, has approved its comprehensive 640-point remediation plan. D'Ath emphasized that any failure to adhere to this plan would subject The Star to further disciplinary action, including fines of up to AU$5m.
She acknowledged that while there is evidence of significant organizational changes within The Star, the transformation process is still in its early stages.