{"id":777008084,"date":"2023-08-10T12:33:06","date_gmt":"2023-08-10T15:33:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008084"},"modified":"2026-04-22T19:11:59","modified_gmt":"2026-04-22T22:11:59","slug":"star-sydney-casino-expected-to-be-granted-temporary-tax-reprieve","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/star-sydney-casino-expected-to-be-granted-temporary-tax-reprieve","title":{"rendered":"Star Sydney casino expected to be granted temporary tax reprieve"},"content":{"rendered":"\n

The New South Wales government is expected to phase in a planned tax hike.<\/p>\n\n\n\n\n\n\n\n

Australia.- The New South Wales government<\/strong> will issue a temporary reprieve to Star Entertainment Group after months of deliberation over a planned tax increase. The Herald reports that treasurer Daniel Mookhey<\/strong> will announce a revised arrangement for the planned duty rate increase on gaming machine profits.<\/p>\n\n\n\n

The government plans to increase the top tax rate on casino gaming machines<\/a> to 60.67 per cent, which is expected to raise an additional AU$364m (US$244.2m) over three years. Last month, the United Workers Union (UWU) warned that such a move could lead to job losses<\/a> among Star Sydney\u2019s 4,500 staff members.<\/p>\n\n\n\n

Sources suggest that a deal will most likely involve a staged transition to give the operator more time to stabilise. A Treasury spokesperson told the Herald the NSW government was \u201ccurrently considering the next steps in relation to casino tax rates\u201d.<\/p>\n\n\n\n

The tax hike was initially announced by the previous government<\/strong> in December, intending to align casino taxes with those imposed on hotels and clubs. The Star Entertainment Group has been facing financial difficulties. It’s faced fines in Queensland and NSW amounting to AU$100m for misconduct and has set aside AU$150m in anticipation of fines from the anti-money laundering agency AUSTRAC.<\/p>\n\n\n\n

See also:<\/strong> Star Entertainment fined over breaches at Queensland casinos<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The New South Wales government is expected to phase in a planned tax hike.<\/p>\n","protected":false},"author":226,"featured_media":16885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The New South Wales government will implement a phased tax hike on casino gaming machine profits for Star Entertainment Group, offering a temporary reprieve to allow the operator time to stabilize. This decision follows concerns over potential job losses and Star's ongoing financial difficulties, including substantial fines for misconduct and anticipated penalties from AUSTRAC.","focusai_entities":"New South Wales government, Star Entertainment Group, Daniel Mookhey, United Workers Union, AUSTRAC","focusai_location":"New South Wales, Australia, Queensland, Sydney","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.9), payments_fraud_aml (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Star's Financial Stability?","query":"What specific financial metrics and operational adjustments will Star Entertainment Group need to demonstrate to the NSW government to justify the staged transition of the gaming machine tax hike?"},{"label":"Regulatory Precedent?","query":"How might this temporary reprieve and staged tax implementation for Star Entertainment Group influence future regulatory and fiscal policy decisions for other distressed licensed operators within the Australian gaming verticals?"}],"footnotes":""},"categories":[16336,157],"tags":[24103],"class_list":["post-777008084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008084","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777008084"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008084\/revisions"}],"predecessor-version":[{"id":777008100,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008084\/revisions\/777008100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16885"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}