restrictions were in\u00a0place<\/a><\/em><\/strong>.\u00a0\u00a0<\/p>\n\n\n\nFor the first stage of the\u00a0JobKeeper\u00a0programme, the company applied in April 2020 and almost 7,000 of its staff were eligible for the subsidy, which ended on September 27.\u00a0<\/p>\n\n\n\n
For the following stage, which applies from September 28 to\u00a0January 3, 2021, the company says about 3,000 Star Sydney employees are eligible. Employees from The Star Queensland and other group entities will not be eligible.<\/p>\n\n\n\n
In this new stage, the company warned payments through the\u00a0programme would be lower: dropping from AU$1,500 (US$1,071) per fortnight to AU$1,200 (US$856) or AU$750 (US$535) depending on the number of hours worked.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The company also provided an update on subsides the Australian government has granted to pay salaries.\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":10706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Star Entertainment Group has secured critical covenant waivers from its debt providers, enhancing its balance sheet and providing financial headroom for debt due December 31 and June 30, 2021. Concurrently, the Australian casino operator provided an update on government JobKeeper subsidies, detailing eligibility for approximately 3,000 Star Sydney employees in the program's second stage, albeit with reduced payment rates.","focusai_entities":"Star Entertainment Group, JobKeeper","focusai_location":"Australia, Sydney, Queensland","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Covenant Waivers Impact?","query":"What are the long-term implications of these covenant waivers on Star Entertainment Group's capital structure and future debt financing costs?"},{"label":"JobKeeper Subsidy Effect?","query":"How do the revised JobKeeper subsidy terms impact Star Entertainment Group's operational expenditure and workforce planning for the upcoming fiscal period?"}],"footnotes":""},"categories":[16336,163],"tags":[289,21298,1295],"class_list":["post-10704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-australia","tag-finances","tag-star-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10704"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10704\/revisions"}],"predecessor-version":[{"id":10720,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10704\/revisions\/10720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10706"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}