Australian casino firm Star Entertainment inks jobs guarantee deal with NSW
Monday 19 de February 2024 / 12:00
⏱ 1 min read
(New South Wales).- Star Entertainment has inked a binding deal with the New South Wales (NSW) Treasurer under revised casino duty rates framework, which would require it to maintain a minimum headcount at its Sydney operations, it said on Friday.
Under the agreement, Star Entertainment would also be required to begin a trial of cashless and carded play at its Sydney casino. That is a precursor to the reforms to be introduced in August for cashless gaming and carded play in NSW.
"The Star has agreed to maintain a minimum headcount, and certain ratios of full-time, part-time and casual employees, in respect of The Star Sydney casino until 30 June 2030," the casino operator said.
Star Entertainment, Australia's second-biggest casino operator, has seen its profits erode as it faced regulatory restrictions on its Sydney operations from mid-2022 as well as stiff competition from bigger rival Crown Resort.
In August last year, Star Entertainment secured concessions on casino duty rates with the NSW state and has worked on a transition plan to stabilise its operations at its Sydney casino and curb further job cuts.
"The Star appreciates the constructive engagement with the current NSW Government that has led to finalisation of an agreement that provides employment certainty," Group Chief Executive Officer Robbie Cooke said in a statement on Friday.
The casino firm, which has lost 83.6% of its market value over the last two years, is trading about 7% higher so far in 2024.
Categoría:Casino
Tags: Sin tags
País: Australia
Región: Oceania
Event
SBC Summit Americas 2026
09 de June 2026
Belatra Games Highlights Networking Value at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- Lucila M. Barletta, Head of Accounts LatAm at Belatra Games, shared her insights on the company’s participation at SBC Summit Americas. From strengthening partnerships to exploring new opportunities, she emphasized the importance of both large industry events and smaller networking experiences in driving meaningful business growth.
Friday 03 Jul 2026 / 12:00
Zenith Strengthens LATAM Presence at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In conversation with SoloAzar, Eddie Morales, Zenith's Business Development Manager, shared the company’s objectives at SBC Summit Americas, the opportunities generated, and the outlook on the future of the gaming industry in Latin America.
Friday 03 Jul 2026 / 12:00
LSports LATAM Secures Major Partnerships at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- In Q&A after SBC Summit Americas 2026, Fernando Martinez, representative of LSports LATAM, talked about the company’s goals, achievements, and future plans in the region. Martinez shares insights on the evolving dynamics of the Latin American market, the importance of strategic partnerships, and how LSports is positioning itself as a leading data and trading services provider.
Wednesday 01 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
