The Queensland government is taking a tough stance to ensure that Star Entertainment, a troubled casino operator, pays its taxes. Deputy Premier Cameron Dick mentioned that discussions for tax relief are ongoing with Star to prevent any negative impact on local businesses due to the potential closure of Queen’s Wharf.
Star reportedly requires $300 million in short-term funding to sustain operations at the $3.6 billion precinct in Brisbane’s CBD shortly after its opening. The state government is in talks with Star, considering tax payment deferrals.
This move has sparked outrage among local cafe and restaurant owners who question why Star is receiving special treatment amidst financial struggles. Dick emphasized that the government will ensure Star fulfills its obligations.
Despite Star’s past mistakes and subsequent penalties, Dick stated that the government will protect the precinct’s 3000 employees and numerous impacted businesses from potential closure repercussions.
Following an independent review in 2022 that deemed Star unfit to hold a license in Queensland due to anti-money laundering and responsible gaming failures, the government delayed the suspension of Star’s casino licenses until December.
The Queen’s Wharf grand opening on Aug. 29 employed 3000 individuals, with 1400 new jobs created. Discussions are ongoing to avert a crisis for businesses and workers associated with the development.
Star, with casinos in Brisbane, Gold Coast, and Sydney, is also seeking financial relief from the New South Wales government. NSW officials are exploring options to safeguard jobs linked to The Star’s Sydney casino.
Amid concerns about The Star’s financial stability, the government is reviewing contingencies to address possible scenarios, including financial collapse. The state opposition and United Workers Union have urged the government to consider additional assistance to prevent job losses at the casino.
While the government had previously deferred a poker-machine tax increase in exchange for job guarantees, there is no current consideration for further aid. The focus remains on protecting NSW taxpayer funds from being utilized to support the Queen’s Wharf development.
Opposition gaming spokesman Kevin Anderson expressed concern over the lack of direct communication between the minister and The Star, highlighting the importance of addressing the casino’s uncertain future promptly.
Can you please rewrite this?
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