If sky city can make money in Adelaide and Auckland then there...

If sky city can make money in Adelaide and Auckland then there is nothing stopping star being profitable in Sydney and Queensland- much bigger jurisdictions with more tourists . It just might take more time

while the announcements don't sound great there are plenty of assets to cover current share price.

sounds like the restrictions by government are contributing to poor trading environment and star are putting a scare through the nsw and qld government.

building costs for Brisbane were already known so that can't be a huge issue but low leasing of retail properties will be tough to fill in this environment.

if it all goes bad we will just have to blame more CFMEU corruption for pushing up building prices- again another govt compliance issue!