The Queensland government has postponed the decision regarding the suspension of Star Entertainment’s Gold Coast casino licence for another year. This decision comes despite a recent report indicating that the company’s remediation efforts have progressed more slowly than expected. Star’s Gold Coast venue has been operating under a suspended licence, monitored by a special manager, following damning inquiries into issues such as money laundering in both Queensland and New South Wales.
The Queensland Liberal National government, which took office late last year, has been deferring the licence suspension decision in shorter increments. Attorney-General Deb Frecklington has closely examined Star’s commitment to reform amid ongoing scrutiny related to the company’s operations. The Queen’s Wharf precinct in Brisbane has become a significant financial challenge for Star, which also operates a casino in the area.
Under the guidance of special manager Nicholas Weeks, Star has been evaluated on several aspects, including cultural reform, safer gambling practices, risk management, and compliance with financial crime regulations. The latest assessment from Weeks indicated that the company has made steady improvements in its remediation efforts, although progress has been hindered by financial difficulties.
Star Entertainment has faced substantial financial strain, particularly due to cost overruns associated with the Queen’s Wharf development and declining revenue from its gaming operations. This situation has forced the ASX-listed company to sell its Brisbane precinct to its Hong Kong-based joint-venture partners and secure a $300 million bailout from Bally’s Corporation and billionaire Bruce Mathieson, pending regulatory approval.
On September 30, 2026, the suspension of the Gold Coast licence will be reconsidered. Deputy Premier Jarrod Bleijie, acting in the absence of Frecklington, confirmed that Weeks will continue as the special manager during this period. Bleijie stated, “The Crisafulli government has the highest standards when it comes to the integrity of casino operations in Queensland. We will continue to closely monitor The Star’s remediation progress to ensure key milestones are met.”
This announcement follows a decision by the New South Wales Independent Casino Commission (NICC) to maintain the suspension of Star’s Sydney casino licence. The NICC ruled in 2022 that Star was no longer a “suitable person” to hold such a licence due to the ongoing money laundering scandal.
In response to the latest developments, Star’s chief executive Steve McCann expressed the company’s commitment to demonstrating its suitability for the casino licence as soon as possible. He acknowledged the ongoing challenges but reaffirmed the company’s dedication to its Remediation Plan, aimed at ensuring the safe and compliant operation of its businesses.
As the situation unfolds, the Queensland government will remain vigilant, prepared to take immediate action should Star fail to adhere to its remediation obligations.
