Queensland Casino Law Offers Lifeline to Star

Queensland Casino Law Offers Lifeline to Star

According to proposed state rules, Star Entertainment might restructure its business in time to open its $3.6 billion Brisbane casino and resort.

Following a damning report from an investigation conducted by retired judge Robert Gotterson, the Queensland government last week declared the gambling behemoth ineligible to have a license.

He claimed that the ASX-listed casino operator disregarded its obligations to combat money laundering and promote responsible gambling while purposefully misleading authorities in the sake of profit.

In the upcoming weeks, regulators will issue Star with a show-cause notice, casting doubt on the viability of its $3.6 million Queen’s Wharf Brisbane casino and resort.

According to the best online casinos in South Korea, a last-minute amendment to an existing statute, offered by Attorney General Shannon Fentiman, may enable Star to recover in time to launch the development next year.

Star’s Lifeline

Queensland Casino Law Offers Lifeline to StarWhen an operator is ruled unable to have a license, the amendment would enable her to select a special manager to oversee a casino.

Plans to “possibly remediate a casino licensee back to appropriateness” would be created with the assistance of a special manager and authorized by the government.

In order to counteract compensation claims from casinos related to enforcement operations against them, the attorney general has also recommended modifications.

According to her, the modifications were made in accordance with Gotterson’s suggestion that the government be allowed to “impose reasonable limits” on venues.

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