90% of its workforce<\/a><\/em><\/strong>.<\/p>\n\n\n\n\u201cThe Star has taken a very difficult, but necessary, decision in relation to its workforce. We are in the process of temporarily standing down over 90% of our approximately 9,000 employees. These stand-downs include senior management. To assist our employees at this time, The Star has provided two weeks of paid pandemic leave. In addition, employees will be able to access any accrued annual and long service leave entitlements\u201d, the company said in a statement.
<\/p>\n","protected":false},"excerpt":{"rendered":"
The company will not pay its usual year-end shareholder dividend due to Coronavirus.<\/p>\n","protected":false},"author":2,"featured_media":4159,"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 announced the suspension of its year-end shareholder dividend for FY20, deviating from its policy of distributing a minimum of 70% of normalised profits after tax. This decision, driven by the severe operational impact of the global Coronavirus pandemic, follows government-mandated closures of gaming and F&B operations across its Sydney, Gold Coast, and Brisbane properties, leading to the temporary stand-down of over 90% of its 9,000-strong workforce.","focusai_entities":"Star Entertainment Group, Inside Asia Gaming","focusai_location":"Australia, Sydney, Gold Coast, Brisbane","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future Dividend Policy?","query":"What is Star Entertainment Group's projected timeline for reinstating its dividend policy, and what financial performance metrics will underpin that decision?"},{"label":"Operational Recovery Strategy?","query":"Beyond the immediate workforce stand-downs, what specific operational recovery strategies is Star Entertainment Group implementing to mitigate long-term revenue erosion from the mandated closures?"}],"footnotes":""},"categories":[160,16336,161,163,167],"tags":[289,29,7299,1295],"class_list":["post-5128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-australasia-news","category-daily-news","category-finance-news","category-news-region","tag-australia","tag-casino","tag-coronavirus","tag-star-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5128","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=5128"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5128\/revisions"}],"predecessor-version":[{"id":22115,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5128\/revisions\/22115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4159"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}