Ann: Trading Halt, page-42

100% agree.Would not "play" this stock, I understand the recent accounts have not been signed by the auditors.

"This review of the evidence presented to the Inquiry confirms the assessment by the directors of Star Entertainment that The Star Entities remain presently unsuitable to be concerned in or associated with the management and operation of The Star Casino."

The entire report can be found here:

https://www.nicc.nsw.gov.au/sites/default/files/2024-08/2024%20Inquiry%20into%20The%20Star%20Pty%20Ltd%20-%20Volume%202.pdf

I sold out at a huge loss in October 23. Still was a (slightly) better price than likely on Monday.

Another company with much talk and little action over several years.

With a "bright' future" LOL.

It seems inconceivable to me that a publicly listed company could be so incompetent as to (over a long period of time!) trifle with the sine quoa non of the entire operation - their gaming licence.

Be like BHP not knowing, caring or resolving the difference between iron ore and sandstone.

Regardless of the hypocracy of Government playing both sides by raking in huge taxes while "vetting" for a gambling license- that is the nature of the industry.

"Chapter 11 contains a detailed review of the culture of The Star Entities. There has been a material improvement in risk management culture. However, despite almost two years having elapsed since the 2022 Report, the cultural reformation of The Star Entities is at an early stage and has been set back by a tone from the top of antagonism to the NICC and the Manager. Progress toward cultural reform by Star Entities since the 2022 Report has not been satisfactory."

Ref: Report of the Inquiry under section 143 of the Casino Control Act 1992 (NSW)Published 31 July 2024

This was flagged years ago - and, apparently, nothing has been done! Worse they are antagonistic to change!

Sorry, these guys have found a way to be legislated out of business, with the hapless shareholders along for the ride.