Given its recent revenue reports and new tax obligations, Star Entertainment's decision to keep its casinos open for business during the holiday season in Queensland is a hugely significant development. While the Queensland Attorney-General will permit it to maintain its license in the interim, Star shouldn't become complacent.
After a trial in which it was found guilty of numerous offences, including money laundering, Star faced the possibility of having its license revoked. Queensland decided a year ago that the company did not qualify for a license, but allowed it a year to clean house.
The year is nearly over; December 1st is the cut-off date. Queensland has granted Star some leeway, presumably due to their satisfaction with the progress it has made.
After a trial in which it was found guilty of numerous offences, including money laundering, Star faced the possibility of having its license revoked. Queensland decided a year ago that the company did not qualify for a license, but allowed it a year to clean house.
The year is nearly over; December 1st is the cut-off date. Queensland has granted Star some leeway, presumably due to their satisfaction with the progress it has made.