“The Star Entertainment Group granted extension by Queensland Government to prove its casino operations in Brisbane and the Gold Coast. The deadline has been extended by six months, giving The Star more time to showcase its capabilities in managing the Queen’s Wharf project and its existing Gold Coast casino. Failure to comply could result in a 90-day suspension of gaming license. However, The Star has received approval for its remediation plan, which includes a 640-point plan and potential fines of AU$5m for non-compliance. Star Entertainment CEO expresses satisfaction with the plan’s approval and emphasizes the importance of rigorous implementation. The appointment of special manager Nicholas Weeks has also been extended. These developments follow The Star’s recent capital restructuring efforts and appointment of a new CEO for Star Gold Coast as part of its post-pandemic rebound strategy.”

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