The Australian Securities and Investments Commission (ASIC) has taken former Star Entertainment CEO Matt Bekier to the Federal Court, seeking to ban him from managing any...
Star’s Gold Coast license suspension pushed back to 2026
The suspension of The Star Entertainment’s casino license for its Gold Coast property has been pushed back until September 30, 2026.
In line with this extension that gives the operator more time to address regulatory concerns, special manager Nicholas Weekes will continue in his role through the same period to oversee operations and ensure compliance.
The Star’s Group CEO and managing director Steve McCann said:
“We acknowledge there is more work to do, but we are pleased the special manager has recognized the steady progress on The Star’s remediation efforts, including those measures identified as key priorities.
McCann went on to say that the company remains committed to maintaining a transparent and constructive relationship with the special manager and external advisor, the Office of Liquor and Gaming Regulation, Queensland and the Queensland Government. He emphasized that The Star aims to prove its suitability as a license holder to all stakeholders as soon as possible.
Star Entertainment has published its Q1 2026 results, showing a 12% decline in quarterly revenue from $301 million to $226 million.At the same time, EBITDA loss decreased...
