The Worst Run Company Ever? Star Entertainment.

At the time of publication Star Entertainment remains in a weeks’ long trading halt as spiraling debt, regulator action, penalties, and civil lawsuits consume what remains of this company’s rapidly dwindling value.

Between money laundering, public inquiries, and a unbelievably mismanaged Queens Wharf development complex, Star Entertainment is the posture child for corporate moral hazard.

What’s more, the business environment in which Star operates could not be more favourable: huge and eager customer base, monopoly industry, and a government addicted to your tax revenue.

Crispin tells the wild story of how this unsinkable company became the Titanic of the gambling world.
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Harriet Alexander & Amelia McGuire – Star Secret: The Bombshell Casino Report We Can’t Print – Sydney Morning Herald https://www.smh.com.au/national/nsw/star-secret-the-bombshell-casino-report-we-can-t-print-20240822-p5k4ge.html