Troubled Casino Operator Seeks Tax Relief To Stay Open

Lynne87I545049254 2024.11.20 15:48 조회 수 : 38

Meanwhile, the Queensland government has been accused of helping block the release of a probity report into company Chow Tai Fook Enterprises' suitability to operate the Queen's Wharf casino, days before its opening. "The Star is currently reviewing its financial and liquidity position with various advisers in the context of seeking to finalise its preliminary financial report for the financial year," the statement said.

The Star's Sydney licence remains suspended after a first inquiry found damning evidence of anti-money laundering and counter-terrorism failings, although it has been allowed to keep the casino operating with a regulator-appointed manager. But the NSW government has ruled out providing further taxpayer assistance to The Star after giving the casino a reprieve on a planned poker machine tax increase until 2030 in return for a transitional deal that included a jobs guarantee.

If you liked this write-up and you would certainly like to obtain more facts concerning เครดิตฟรี kindly see the page. A week on from the release of a scathing report that declared it was unsuitable to take back control of its lucrative Sydney casino licence, the company's board confirmed it was in talks over its short-term financial position "in light of adverse trading and other conditions". "We want to make sure taxpayers receive the full dividend from this project, but the fact is we won't receive that dividend if the Queen's Wharf Brisbane closes and 1400 people lose those jobs," he said on Thursday.
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