“ This triggered an investigation by Queensland's casino regulator which found CTF failed
to disclose its share in a Vietnam casino with disgraced junket operator Suncity and its founder Alvin Chau, who
is now in jail. Star is looking for a financial lifeline to stave off collapse after it was mired in a scandal involving criminal infiltration and money laundering in its Queensland and New South Wales casinos.
We acknowledge Aboriginal and Torres Strait Islander peoples
as the First Australians and Traditional Custodians of the
lands where we live, learn, and work.
Queensland premier David Crisafulli said his interests were "not in Star, not in the people who sit around the corporate boardrooms, my interests are in the working people who are there in that facility".
About 2,000 people work at Star's casino at Broadbeach on the Gold Coast.
The company employs 9,000 people across Queensland and New South Wales,
with 3,000 in Brisbane, about 2,000 on the Gold Coast and 3,500 in Sydney, as well as about
400 corporate staff. Its shares plummeted by more than 15 per cent after the trading halt was lifted on Friday morning. ”