The New South Wales (NSW) Government has postponed the announced tax increase on gaming revenue for the Star Entertainment’s Sydney casino less than a fortnight before the start of the new tax rate implementation, as The Australian Financial Review reports. At the same time, one of the leading Australian casino corporations reportedly said that its Brisbane sales deal with the property trust Charter Hall has been cancelled due to another delay in the project development.
Under the sales agreement signed in 2021, Charter Hall was to pay $248 million for the Treasury casino and hotel building complete with the parking lot and lease it back to Star for more than 30 years.
Under the sales agreement signed in 2021, Charter Hall was to pay $248 million for the Treasury casino and hotel building complete with the parking lot and lease it back to Star for more than 30 years.