If you want to lose an election sack all the employees at star Sydney and cause the closure of all the restaurants around it that rely on casino patrons.
hospitality workers are the lowest paid and closest to poverty so not a great look - especially during a cost of living crisis and especially as the government regulator is also to blame.
It's a read the room moment.
it's just a show trial.
can't give the license to crown as it looks corrupt and they too were caught money laundering.
if the unthinkable happens the business in Queensland is worth more than market cap now and they could sell the Sydney assets and return capital to shareholders.
firesale price is probably around 70-80c with net asset per share about $1
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