Queensland considers aid for struggling Star Entertainment

QLD Premier hints at potential tax relief for Star Entertainment to save jobs amid financial struggles, while NSW offers no support.

Queensland’s Premier, David Crisafulli, has indicated that Star Entertainment could explore asset sales as it faces financial difficulties.

Crisafulli avoided speculation on the company’s viability while leaving room for tax relief discussions.

He said that the priority is to retain jobs for the 9,000 employees affected, suggesting that workers care more about job security than the casino’s name.

Star has requested a pause on gambling taxes as it struggles with dwindling cash reserves, warning that it may not sustain operations beyond late February without support.

In contrast, New South Wales Premier Chris Minns has firmly rejected any form of financial assistance for Star, citing other pressing funding needs across the state.

Despite this, Queensland remains more receptive to negotiating a path forward, which is significant for the 6,000 staff employed at Star’s Brisbane and Gold Coast locations.

Crisafulli acknowledged that the operations of Star are not a direct focus of the Queensland government, but stressed the importance of ensuring that workers have jobs, regardless of ownership changes.

Additionally, Star’s recent statements highlighted ongoing concerns regarding its financial stability, indicating uncertainty about its ability to continue as a viable business without significant liquidity arrangements.

As the situation evolves, the likelihood of a resolution that benefits both the company and its workforce remains uncertain.