Queensland Government further postpones suspension of Star Gold Coast’s casino license

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Queensland Government Further Postpones Suspension of Star Gold Coast’s Casino License

Summary

The Queensland government has announced a six-month extension on the suspension of The Star Gold Coast’s casino licence, now pushing the decision deadline to September 30, 2025. This follows a prior suspension set to begin on March 31, 2025. The announcement was made in a filing to the Australian Stock Exchange by The Star Entertainment Group.

Attorney-General Deb Frecklington stated that the extension allows The Star to continue its remediation progress while ensuring public confidence, underlining that immediate action will be taken if remediation obligations are not met. The CEO of The Star, Steve McCann, voiced appreciation for the extension, indicating it allows the company more time to meet its commitments.

Source: AGB

Key Points

  • The suspension of The Star Gold Coast’s casino licence is deferred until September 30, 2025.
  • This extension is a response to ongoing assessments of The Star’s remediation efforts.
  • Attorney-General Deb Frecklington emphasized the importance of maintaining public confidence in the casino’s operations.
  • The Star Entertainment Group has extended its appointment of a Special Manager and External Advisor until the new deadline.
  • The company aims to demonstrate significant progress in its remediation plan during the deferral period.

Why should I read this?

This article is crucial for stakeholders in the gaming and hospitality sectors, as it highlights ongoing regulatory challenges faced by The Star Gold Coast. Understanding these developments provides insights into the government’s approach to compliance and regulatory oversight in the gaming industry, essential knowledge for industry professionals and investors alike.

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