SGR 0.00% 46.0¢ the star entertainment group limited

Exactly, the media is spinning this like a top. The NSW gov just...

  1. 411 Posts.
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    Exactly, the media is spinning this like a top. The NSW gov just told SGR to keep people employed at the Star or face fines, then, apparently out of the blue, a second enquiry... The enquiry is very unlikely to remove the licence that is required for SGR to keep people employed at the Star. This is a dotting the i's and crossing the t's exercise at best to make sure things are on course, given the degree of examination the casino has been under already; I consider it extremely unlikely they going to find anything significant beyond what they already know. Especially given the near blind eye given to the washing going on in clubs up and down the state. I'm expecting a 'job well done' outcome from this, maybe a few little tweaks, but that will be it.

    If SGR does loose its license, then the other operators will put the pressure on heavy around the next election. In fact, this second enquiry might have triggered that already...
 
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