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In its annual report, the gambling company cited "financial crime remediation activities", a softening economy and cashless gaming reforms as contributors to its earnings uncertainty. There would be particular public interest in what happens to the operations at Queen’s Wharf, which has been billed as a postcard tourism precinct for Brisbane and the city’s 2032 Olympics. The company’s cash reserves decreased to A$79 million at the end of December 2024, from A$149 million three months before. Star attributed this decline to challenging business conditions, including a A$5 million installment payment toward the A$15 million fine imposed by the New South Wales Independent Casino Commission in October due to misconduct. Now the chances of losing it all have been turned back onto one of Australia's biggest casino operators.
He also mentioned that many employees were quitting the Brisbane casino to find jobs with better pay elsewhere in the city. AUSTRAC is reportedly seeking penalties of AU$400 million, which would fall in line with the AU$450 million fine paid by fellow operator Crown Resorts in 2023 for similar violations. Star’s casino licences for its Sydney and Gold Coast properties are suspended and both are under state-appointed management.
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