While former management has been blamed heavily, the company still has a lot of work to do to fix the business. However, the Bell Report underscores the NICC's concerns that it was not receiving all of the facts from The Star at a time when we needed certainty the company could fund and prioritise an urgent business turnaround. While most of the above listed companies have been fined by regulators, the consequences for individual directors have been limited or non-existent. And herein lies the problem – lack of accountability breeds inattention, indolence and recklessness.
ASX 200 investors are bidding up the Star Australian casino payment security tips 2026 share price after the embattled company announced a major divestment. The Star casino in Sydney is the company's core asset and historically generated approximately most of group earnings as the city's only casino. However, Star's exclusivity in Sydney has come to an end with a second Sydney top crypto casino withdrawal options license issued to Crown Resorts, opening in August 2022. This is a major blow to Star, ending its long-standing monopoly in Sydney. The fiscal 2024 collapse in earnings was considerably worse than estimated and development costs are set to be higher than anticipated.
The new Sol Casino crypto strategies will replace Treasury Casino and Hotel, which will be repurposed into a hotel and retail site. The infrastructure investor delivered solid results, but investors appear focused on the outlook. Analysts at Ord Minnett still think Star will be able to prove itself suitable in NSW. However, it comes with a worrying caveat — the risk of the Sydney Australian casino top picks 2026 review list guide being forced to shut is rising.
Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. Morningstar lowers our Uncertainty Rating from Extreme to very high after the results of the second bell inquiry were passed down. The scrutiny into Star’s suitability to hold a casino licence ended in the best plausible outcome that the company could have hoped for. Whilst they are currently deemed unsuitable to hold a Ricky Casino best online slots license, the enquiry ruled that the license need not be revoked entirely. Queensland is currently the only state where Star holds an exclusive position and consequently the company is throwing substantial amounts of capital (~$3 billion) in ensuring it stays that way. The Queen's Wharf joint venture development in Brisbane commands $2.6 billion of the spending with a 99-year lease and 25-year exclusivity period. Morningstar expects the extensive capital investment in Queensland to weigh on the near-term returns poker hand reading guide on futurelearn invested capital.
In other tariff news, US President Donald Trump over the weekend paused a repeal of an exemption that allows low-value parcels to enter the country duty-free. Dr Higgins said the board was "well aware" Star was engaging with junket operators and "knew junkets in Asia had links to organised crime". If rates do fall for the first time since 2020, borrowers could save significant amounts on monthly home loan repayments. In the tariff space, steelmaker Bluescope gained 1.8% thanks to its big US manufacturing business, while US-based Alcoa's depository notes fell 0.1%. WiseTech Global fell 4.4% on a fresh set of allegations raised against Richard White, its F&FCEO (Founder and Former CEO, as the company now refers to him in official correspondence.
The company’s core asset, the casino in Sydney historically generated most of the group’s earnings as the city’s only casino. This monopoly was toppled in 2022 as Crown Resorts entered the scene in a major blow to star. Here's how the day's trade unfolded, with insights from our business reporters, on the ABC News markets blog.
