Potentially Sydney is the most corrupt city in the world right now. That is not too good for Star Entertainment Group to be facing into as NSW looks completely corrupted, broken and extra judicial.
When the casino regulators have got side hustles going like this Juel litigation finance, then the NSW justice system and regulatory system are completely broken.
When a Special Manager is selected by the regulator expected to improve it but comes out of a casino known for its bad behavior and a sporting body known for its fair share of judicial scandals, betting scandals, rape cases, violence and racial incidents, then the system has completely broken down.
Star Entertainment is facing a thoroughly broken, corrupted system and a regulator who has lost all integrity, all sense of ethics and a invoked extra judicial imbalance.
SGR Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held