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Unfortunately, the scandal at Star Entertainment is not an isolated case of risk-governance failure. A royal commission found the directors of Crown Casino also failed properly to manage the risks of money-laundering. Bear in mind the handsome remuneration received by the directors to perform their oversight duties. The former chairman, John O’Neill, received a total of $484,500 in financial year 2021.
Oxfam's latest inequality report has found the world's top 10 richest people (all men) made a whopping $150 million a day last year. The gains were largely across the board with 128 companies making gains, 65 losing ground and 7 going nowhere from Friday's close. The company drew down the first $100 million of a new loan facility in early December, but has raised concerns about its ability to meet the conditions required to access a further $100 million. Just a quick update on the waxing and waning fortunes of Donald and Melania Trump and their recently launched meme coins we've been following today. Oxfam Australia is calling on the federal government to introduce a wealth tax of between 2 and 5 per cent on the super-rich.
Revenue slumped 19 per cent over the last 12 months, with Star Sydney the company’s worst-performing asset. The largest shareholder of the pubs and bottle shop giant said it wants more say in the company’s strategy ahead of new CEO Jayne Hrdlicka’s arrival. The OzWin casino reviews 2026 giant has received the last tranche of a $300 million investment from American casino giant Bally’s Corporation and the billionaire Mathieson family. With prevailing balance sheet concerns and liquidity risk, we assign Star a Poor Capital Allocation Rating. We respectfully acknowledge the Traditional Custodians of the land where we live dealer poker bonus 2026 Australia and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. By taking up this offer, you will also be enrolled in our auto-renewal program, which is our way of making your ongoing subscription easier by ensuring uninterrupted service. Don't worry, though – you're not locked in, and can cancel your auto-renewal at any time before each 'anniversary' date without question or penalty.
Airtasker will look to expand rapidly overseas after a new capital raise and an expanded strategic partnership. Star Entertainment said it would remain engaged with its JV partners and would update investors if anything changed. Star Entertainment will remain responsible for its share of future equity contributions to DBC, estimated at $200 million. The parent company's guarantee of Star Entertainment's 50% share of the DBC debt facility remains in place. This is a significant development given that the cash-strapped casino sought to sell the assets to boost its balance sheet.
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The Company also manages the Gold Coast Convention and Exhibition Center on behalf of the Queensland Government. The Company owns Broadbeach Island on which The Star Gold Coast casino is located. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned.