Star Entertainment is on the brink of collapse. What happens next?

Almost a decade ago, executives at Star Entertainment described the planned construction of the Queen’s Wharf casino in Brisbane as a “gamechanger” for the city and the gambling company. The phrasing turned out to be prescient – but not in the way Star envisaged. A massive project cost blowout, coupled with collapsing revenues, licensing headaches, and major operational disruptions caused by multiple inquiries uncovering systemic breaches of anti-money-laundering rules, has pushed the casino operator to the brink of collapse. Star has warned shareholders it spent $107m in the past three months, leaving just $79m in the bank at the end

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