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"The competitive environment has changed dramatically with the combination of tighter regulations. I think it’s important to emphasise the objective here is to eliminate financial crime and reduce problem gambling," McCann said. We will automatically post your comment and a link to the news story to your Facebook timeline at the same time it is posted on MailOnline. 'Debts that are owed must be paid and we are happy to talk about into the future, about opportunities for whoever might run that business, about opportunities to grow and thrive in Queensland,' he said. Whether and from where the company will be able to secure a much-needed lifeline is not yet clear - though it is unlikely to come in the form of a state government bailout. Shareholders were given fresh hope when Star said it had been approached by foreign buyers on the potential sale of its share in the debt-addled Queens Wharf precinct in Brisbane.
The NSW and Queensland governments are not offering any reprieve on roughly $200 million in taxes they stand to collect from the group. This is despite investors tipping in $1.5 billion in 2023 alone to help it bounce back from a $2.4 billion financial loss. This included $600 million worth of regulatory expenses, including fines totalling $200 million in NSW and Queensland. The former directors deny that they failed in their duties to ensure Star’s anti-money laundering controls were fit for purpose.

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