The Queensland government is currently faced with the task of saving the struggling Star casino, as thousands of jobs are at stake. The Star’s Queens Wharf hotel and casino precinct is important to the government’s plans for the Brisbane CBD and future tourism growth, including the 2032 Olympics. However, the project has faced cost blowouts and legal issues, leading to financial difficulties for The Star. The company entered a trading halt and sought a tax reprieve from the NSW and Queensland governments in order to stay afloat.
Premier Steven Miles has not yet revealed the government’s plans to assist The Star, but has emphasized the importance of ensuring that taxpayers are not left out of pocket and that the jobs at Queen’s Wharf Brisbane are protected. With 1400 jobs set to be created at the new precinct, the government is under pressure to find a solution to save The Star from collapsing. However, Premier Miles has not provided any further updates on the situation.
On the other hand, NSW Premier Chris Minns has made it clear that his government is not willing to provide further assistance to The Star. In February, the NSW government had offered tax relief to the company in exchange for a commitment to maintain 3000 jobs until 2030. However, it seems that NSW is now reluctant to step in again to help The Star overcome its financial difficulties.
The fate of The Star remains uncertain as the Queensland government weighs its options. The company is seeking a lifeline to prevent further financial turmoil and to safeguard the thousands of jobs that are at risk. The Queensland government’s plans for the future of the Brisbane CBD and tourism growth are closely tied to The Star’s success, making it imperative that a solution is found to save the company from collapse. Premier Miles has emphasized the need to protect both taxpayers and employees in this challenging situation.
As The Star grapples with financial challenges and seeks government assistance, the spotlight remains on the future of the Queens Wharf precinct and the potential impact on the Queensland economy. The government’s contingency plans, should The Star collapse, have not been disclosed, leaving many concerned about the implications for the Brisbane CBD and tourism sector. With so much at stake, there is growing pressure on the government to find a solution to support The Star and ensure the success of the Queens Wharf project.
While the Queensland government has not yet made a formal offer to assist The Star, the urgency of the situation is clear. The company’s financial difficulties have put thousands of jobs at risk and have raised concerns about the future of the Queens Wharf precinct. Premier Steven Miles has underscored the government’s commitment to protecting taxpayers and employees, but the lack of concrete plans has left the fate of The Star uncertain. As the company waits for a potential lifeline, the Queensland government faces a critical decision that could impact the state’s economy and future tourism growth.
