 | |
| Company type | Public |
|---|---|
| ASX: SGR | |
| Industry | Gambling, Tourism |
| Founded | 2011 |
| Headquarters | Brisbane, Australia |
Area served | Australia |
Key people | Ben Heap (Chairman) Robbie Cook (CEO) |
| Revenue |  A$2.3 billion[ citation needed ] |
Number of employees | 8,000[ citation needed ] |
| Divisions | |
| Website | StarEntertainmentGroup.com.au |
The Star Entertainment Group Limited is an Australian gambling and entertainment company. [1] The company was formerly known as Echo Entertainment. [2]
The Star Entertainment owns and operates the Treasury Casino & Hotel, [3] The Star Gold Coast and The Star, Sydney. [4] Star Entertainment holds three out of Queensland's five casino operation licenses. [5]
The group also manages the Gold Coast Convention & Exhibition Centre on behalf of the Queensland Government. [6] Star owned a 50% stake in the Sheraton Mirage resort on the Southport Spit, [7] that it sold in 2023 for $192 million. [8]
The Queensland Government announced on 20 July 2015 that Echo Entertainment as 50% joint venture partner of the Destination Brisbane Consortium was the preferred tenderer for Queen's Wharf, Brisbane, beating rival Crown Resorts. Echo has two Hong-Kong based joint venture partners Chow Tai Fook Enterprises and Far East Consortium. The two joint venture partners will each contribute 25% of the capital to develop the integrated resort and will also jointly pay for the apartment and broader Queen's Wharf developments.
In 2021 a joint report by the Sydney Morning Herald the Age, and the television program 60 Minutes, found that Star management had been warned that it's anti-money laundering controls were inadequate and that between 2014 and 2021 Star had attempted to recruit high rollers who were allegedly linked to criminal or foreign-influence activities. In response to the report Star stated that it was " "concerned by a number of assertions within the media reports that it considers misleading." And also stated that it would take steps to address the allegations with Australian authorities. [9] [10] Following the report shareholders began forming a class action lawsuit against Star and inquiries were launched by Queensland's, Western Australia's, Victoria's, and New South Wales's state gaming regulators. [11] [12]
On 13 September 2022 the NSW Independent Casino Commission (NICC) published a report finding The Star unsuitable to hold its Sydney casino license because of its conduct relating to money laundering risks. It had 14 days to respond. [13] The company was fined A$100m ($62m) as a result. [14] Star's gambling license was suspended and operations were placed under a new manager Nicholas Weeks. [15]
In late 2022, the Queensland Government also found Star unsuitable to hold its dual state casino licences. [16] Former Court of Appeal Judge Robert Gotterson conducted an independent review of the matter. [17] Queensland Attorney-General Shannon Fentiman found Star misled regulators and failed in its anti-money laundering duties. [16] The company has been served a statement of claim for a securities class action in the Supreme Court of Victoria. The class action alleges [18] that Star breached disclosure obligations and acted against the best interests of the shareholders. Star was fined $100 million on 9 December 2022. [19] Casino licences for the Treasury Brisbane and the Star Gold Coast will be suspended for 90 days, with this action deferred until December 1, 2023. The deferment gives Star an opportunity to remediate its management and operations. [19]
The Gold Coast, often referred to by its initials G.C., and officially the City of Gold Coast, is a city in Queensland, Australia. It is Australia’s sixth-largest city, the most populous non-capital city, and the state's second-largest city after Brisbane, with a population over 600,000. The Gold Coast is a coastal city and region located approximately 66 kilometres (41 mi) south-southeast of the centre of the state capital, Brisbane. The city's central business district is located roughly in the centre of the Gold Coast in the suburb of Southport. The urban area of the Gold Coast is concentrated along the coast, sprawling almost 60 kilometres, joining up with the Greater Brisbane metropolitan region to the north and to the state border with New South Wales to the south. Nicknames of the city include the ‘Glitter Strip’ and the ‘Goldy’. The demonym of a Gold Coast resident is Gold Coaster.
Television broadcasting in Australia began officially on 16 September 1956, with the opening of TCN-9, quickly followed by national and commercial stations in Sydney and Melbourne, all these being in 625-line black and white. The commencement date was designed so as to provide coverage of the Olympic Games in Melbourne. It has now grown to be a nationwide system that includes a broad range of public, commercial, community, subscription, narrowcast, and amateur stations.
Crown Melbourne is a casino and resort located on the south bank of the Yarra River, in Melbourne, Australia. Crown Casino is a subsidiary of Crown Resorts, and was the first casino of the now-international Crown brand.
SkyCity Entertainment Group, also known as simply SkyCity, is a gambling and entertainment company based in Auckland, New Zealand. It owns and operates five casino properties in New Zealand and Australia, which include a variety of restaurants and bars, three luxury hotels, a convention centre and Auckland's Sky Tower.
The Brisbane Bears Football Club was the name for a professional Australian Rules football club based in Brisbane, Queensland.
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Brisbane Convention & Exhibition Centre (BCEC) is a convention centre in Brisbane, Australia. It is located in South Brisbane and occupies most of the block formed by Grey Street, Melbourne Street, Merivale Street, and Glenelg Street. The centre is owned by South Bank Corporation and managed by ASM Global.
The Star Gold Coast is a casino and hotel located in the suburb of Broadbeach on the Gold Coast in Queensland, Australia. The casino, which was Queensland's first, is situated next to the Nerang River and is operated by Star Entertainment Group. It opened in November 1985 as Conrad Jupiters. In 2017 it was rebranded as The Star, Gold Coast.
The Treasury Casino, also known as The Treasury is a casino in Brisbane, Queensland, Australia. It also houses a hotel, 6 restaurants, 5 bars, and a nightclub. The casino is operated by Star Entertainment Group.
Sports Entertainment Network (SEN), formerly Crocmedia, is an Australian radio and television distribution company established in 2006. SEN's parent company is Sports Entertainment Group (SEG), formerly Pacific Star Network.
Crown Resorts Limited is Australia's largest gaming and entertainment group that owns and operates three of Australia's leading gambling and entertainment complexes, Crown Melbourne, Crown Perth and Crown Sydney. It was listed on the Australian Securities Exchange until purchased by Blackstone in June 2022.
The Gold Coast Suns, officially the Gold Coast Football Club, are a professional Australian rules football club that competes in the Australian Football League (AFL). The club is based on Queensland's Gold Coast in the suburb of Carrara.
The Aspley Football Club, nicknamed the Hornets, is an Australian rules football club based in the northern-Brisbane suburb of Aspley. The club competes in multiple Queensland-based competitions, including in the Queensland Australian Football League, Division 1 of the Queensland Football Association, the Queensland AFL Women's League, and several underage competitions for boys and girls. The senior men's team has in the past competed in second-tier state league competitions, notably the North East Australian Football League from 2011 to 2020 and the Victorian Football League in 2021.
The Expansion of the A-League Men is the ongoing process of establishing new clubs in the A-League Men. The A-League Men was established to replace the NSL as the top soccer division in the Australian league system and is the only fully professional league in the country. It was founded in 2004 with eight teams commencing competition in 2005 and has since expanded into new markets across Australia and New Zealand. The league is currently contested by 12 teams, although a total of 15 have competed at some stage in its short history.
Gambling is an activity undertaken by many Australians. In 2022, 72.8% of Australian adults gambled within the previous 12 months and 38% of Australian adults gambled at least once per week. In 2017, Australians were estimated to lead the world with the highest gambling losses on a per-capita basis.
Crown Sydney is a skyscraper in Barangaroo, New South Wales, Australia. Designed by WilkinsonEyre, it stands at a height of 271.3 m (890 ft) with 75 floors, making it the tallest building in Sydney and 4th tallest building in Australia. It was developed by Crown Resorts, primarily comprising a hotel and residential apartments, while a casino and other hospitality venues make up the rest of its floorspace. Construction first began in October 2016, before topping out in March 2020. The tower was inaugurated to the public in December 2020.
Far East Consortium International Limited (FEC) is a company with its head office in Central, Hong Kong. It was founded in 1950 by Deacon Chiu and listed on the Hong Kong Stock Exchange in 1972.
Queen's Wharf is a multipurpose residential and entertainment precinct under construction on either side of William Street in the central business district of Brisbane, Australia. The megaproject is the largest development undertaken in Queensland and the largest casino resort in Australia.
BESIX Watpac is an Australian construction and civil engineering company. Formerly listed in on the Australian Securities Exchange, it is now a subsidiary of Besix.
Media related to Star Entertainment Group at Wikimedia Commons
