{"id":777018996,"date":"2024-09-12T09:48:24","date_gmt":"2024-09-12T12:48:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018996"},"modified":"2026-04-22T06:11:21","modified_gmt":"2026-04-22T09:11:21","slug":"the-star-entertainment-full-year-financial-report-still-on-hold","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/the-star-entertainment-full-year-financial-report-still-on-hold","title":{"rendered":"The Star Entertainment full-year financial report still on hold"},"content":{"rendered":"\n

The company continues discussions with regulators and lenders regarding its financial position.<\/p>\n\n\n\n\n\n\n\n

Australia.- The Star Entertainment Group has announced that it has further delayed the release of its financial report for the year ended June 30, 2024. It says it continues to work with stakeholders and advisers regarding its financial position.<\/p>\n\n\n\n

Last week, The company said it was reviewing its financial and liquidity position<\/a> following the New South Wales Independent Casino Commission (NICC)\u2019s release of the report on\u00a0Adam Bell SC\u2019s\u00a0second inquiry<\/a>.<\/p>\n\n\n\n

\u201cBell Two\u201d probed the casino\u2019s adherence to regulatory standards, financial obligations and the efficacy of its reform agenda since the original inquiry. It found The Star to be \u201cfalling short of what is required from a suitable casino operator.\u201d<\/p>\n\n\n\n

The Star said it would provide an update when it is able to do so.<\/p>\n\n\n\n

See also: <\/strong>The Star to sell Treasury Brisbane Casino building for US$45.5m<\/a><\/p>\n\n\n\n

The Star Brisbane opens at Queen\u2019s Wharf<\/h2>\n\n\n\n

On August 29, the Star soft-opened The Star Brisbane at Queen\u2019s Wharf<\/a>. The first phase of opening included the Neville Bonner Bridge, which connects South Bank to The Star Brisbane\u2019s dining area, The Terrace, hotel The Star Grand and a public art gallery. They comprise just per cent of the Queen\u2019s Wharf Brisbane precinct.<\/p>\n\n\n\n

Star Brisbane chief executive officer Daniel Finch\u00a0said: \u201cLike the rest of Brisbane, we are excited for this city-defining precinct to invigorate the CBD, including our nighttime economy and we will continue to progressively roll out a steady stream of new restaurants, bars, public spaces and destinations revitalising an underutilised 12 hectares of the city\u2019s river\u2019s edge.<\/p>\n\n\n\n

\u201cOnce fully operational, The Star Brisbane and broader Queen\u2019s Wharf precinct are expected to attract approximately 1.4 million additional visitors to Queensland each year as we quickly approach the 2032 Brisbane Games.\u201d<\/p>\n\n\n\n

See also:<\/strong> The Star Gold Coast appoints Mark Mackay as CEO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The company continues discussions with regulators and lenders regarding its financial position.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 Star Entertainment Group has further delayed its financial report for the year ended June 30, 2024, amidst ongoing discussions with regulators and lenders regarding its financial position. This follows the New South Wales Independent Casino Commission's \"Bell Two\" inquiry, which found the company \"falling short\" of regulatory standards as a suitable casino operator. Concurrently, The Star Brisbane has soft-opened its initial phase at Queen's Wharf, aiming to attract visitors ahead of the 2032 Brisbane Games.","focusai_entities":"The Star Entertainment Group, New South Wales Independent Casino Commission, Adam Bell SC, Daniel Finch, Mark Mackay","focusai_location":"Australia, New South Wales, Brisbane, Queensland, Gold Coast","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Financial Impact of Fines?","query":"What is the projected financial impact of potential regulatory fines and remediation costs on The Star Entertainment Group's balance sheet and future profitability, considering the delayed financial report and ongoing lender discussions?"},{"label":"Licensing Status Implications?","query":"How do the 'Bell Two' inquiry findings specifically impact The Star's B2C licensing status across its operational jurisdictions, and what are the potential pathways for license retention or suspension under the current governance frameworks?"}],"footnotes":""},"categories":[16336,157],"tags":[23871],"class_list":["post-777018996","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-business-news","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018996","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777018996"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018996\/revisions"}],"predecessor-version":[{"id":777019008,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018996\/revisions\/777019008"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}