Casinos
Crown Resorts posts $199m loss as $3b expense bill wipes out profits
The casino giant’s profits have been wiped out for the third year in a row, but it’s a significant improvement on its near $1 billion loss in 2022.
- by Amelia McGuire
Latest
Queen’s Wharf crime links were known. So why was the govt shocked?
The Queensland government already had extensive knowledge of a Queen’s Wharf Brisbane company’s links with Asian organised crime when it claimed media reports were “very concerning”.
- by Zach Hope
Opinion
For subscribers
Star is all out of cards if second rescue bid falls over
If a combined $1.6 billion rescue doesn’t do the trick, Star chief Robbie Cooke would be well aware that he can’t take a third bite at the equity apple.
- by Elizabeth Knight
Exclusive
Entrepreneur
High Stakes: The ‘life-or-death’ battle over a company name
A fast-growing Sydney-based share trading platform and a casino giant run by a pair of Melbourne-based twenty-something billionaires are locking horns.
- by Sarah Danckert
Crown waiter claims high-roller smoke caused his lung cancer
A Crown casino waiter, who claims he was exposed to second-hand tobacco smoke in the high-roller Mahogany Room, is suing the gambling giant after being diagnosed with terminal lung cancer.
- by Cameron Houston
The Star hits out at ‘unfair playing field’ for clubs as losses mount
Star Entertainment boss Robbie Cooke wants the NSW government to make sure all venues with poker machines are treated equally.
- by Amelia McGuire
Updated
Earnings season
The Star boss says the worst is behind it after bumper loss
The company went deep into the red after taking a $2.2 billion writedown on the value of its Sydney, Gold Coast and Brisbane casinos.
- by Amelia McGuire
Exclusive
Crown Resorts
Crown Sydney closes gaming floor, axes 95 jobs as high rollers stay away
Crown Resorts will close one of the two VIP gaming floors in its new Sydney casino, just one year after it was opened.
- by Amelia McGuire
Exclusive
The Star Entertainment Group
Star boss backs pokies tax deal, but future of group remains uncertain
Star Entertainment boss Robbie Cooke says he’s confident the group can avoid further job losses, but analysts warn there is a lot of work to be done.
- by Amelia McGuire and Max Maddison
Exclusive
The Star Entertainment Group
NSW Treasurer throws lifeline to Star Entertainment with temporary tax reprieve
The NSW government will revise its tax arrangement with the cash-strapped Star Entertainment, while mandating staff numbers.
- by Amelia McGuire, Michael McGowan and Max Maddison
‘G’day cobber’: Australia requests Curaçao crack down on online casinos
The Dutch Caribbean is a hotbed for online casinos, many of which have been found by Australian authorities to be illegally advertising to and serving Australian gamblers.
- by Sarah Danckert