Star Entertainment owns and operates its flagship property, The Star Sydney, in the eastern Australian state.
Seeking to increase tax receipts to benefit residents and businesses impacted by floods and wildfires in recent years, the New South Wales (NSW) government plans to significantly increase its tax rate on casinos beginning in July. Star Entertainment is shopping its 50% ownership stake in the hotel to improve its cash position. An aerial view of the Sheraton Grand Mirage on Australia’s Gold Coast in Queenstown. That’s after being subjected to considerable fines by state governments and being told that levies on gaming proceeds will increase considerably this year. Commercial Gaming, Entertainment, Novelty Betting, Politics.Įmbattled Australian casino operator Star Entertainment is in desperate need of cash.
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