Sign Up
..... Connect Australia with the world.
Categories

Posted: 2024-09-06 22:03:02

It wasn't long after the doors opened at Star Entertainment Group's glittering new $3.6 billion Queen's Wharf precinct in Brisbane that the project appeared to already lose its shine.

The casino giant is facing financial woes and has become a headache for the premier and his government on the eve of a state election.

Steven Miles confirmed this week that Star sought financial help such as payroll and gambling tax deferrals from the Queensland government weeks ago.

Despite this, the consortium received its new casino licence for the Queens Wharf development.

It fell in the same week the second Bell inquiry was released, finding Star failed to address a culture of unethical conduct and criminal infiltration

A picture of a large new casino building

Queensland's gambling regulator is facing questions over its licence approval for the new Star Brisbane casino. (ABC News: Matt Eaton )

Star has been the subject of multiple reviews in Queensland and New South Wales finding serious regulatory failures.

The company remains in a trading halt on the Australian stock exchange after delaying the release of its annual results.

Star Entertainment told its investors on Wednesday night it was reviewing its financial position "in light of adverse trading and other conditions".

Ominously, it also warned it received advice on "safe harbour provisions", which are legal protections for directors in the event of any insolvent trading claims.

Mr Miles said Star closing its glitzy new development in Brisbane would be the "worst case scenario", and the state government was considering the tax deferrals to prevent this from happening.

However, Shadow Attorney-General Tim Nicholls questioned whether it was "good governance" to financially support the company given it remained under a cloud.

The state opposition also committed if it wins government it will release a probity report into Chow Tai Fook Enterprises' suitability to operate the Queen's Wharf casino.

A flurry of promises

The promises from the political parties are coming thick and fast with the state election now seven weeks away.

The Queensland LNP unveiled a $383 million election commitment to improve the child safety and residential care systems.

David Crisafulli speaking animatedly with his hands on a conference stage.

David Crisafulli has promised $383 million to improve child safety systems if the opposition is elected next month. (Darren England)

The policy pledge has been largely welcomed by the child protection sector.

It includes a pilot program to pay professional foster carers up to $100,000 and building a new $50 million "SecureCare" facility for high-risk children with mental health.

The state opposition has also promised to make Noosa a Safe Night Precinct which is aimed at reducing alcohol and drug-fuelled violence in late night entertainment areas.

Meanwhile, the Miles government has so far committed to build five new satellite hospitals if Labor is re-elected in October.

The new minor injury clinics have been pledged in Labor-held seats in Mackay, Beenleigh, Yarrabilba, Rockhampton and the Fraser Coast.

The Greens have also announced in the past two weeks that — if it wins the balance of power — it wants to fund 200 free GP and allied health clinics across Queensland at a cost of $4.75 billion.

Victim of crimes advocate enters the fray

Like election commitments there's also been a flurry of candidate announcements.

Most notably, victims of crime advocate Russell Field was selected by the LNP to run for the seat of Capalaba.

Mr Field's son Matthew — and his son's pregnant partner Kate Leadbetter — died after they were struck by a teenager driving a stolen car at Alexandra Hills in 2021.

Victims of crime advocate Russell Field at a press conference.

Victims of crime advocate Russell Field has been chosen by the LNP to run for the seat of Capalaba in next month’s election.

He'll take on Labor MP Don Brown who last year labelled the youth crime crisis in Queensland a "media beat-up".

Mr Field featured in a campaign video for the state opposition earlier this year, which also included interviews with the family of Wayne Irving who died on ambulance stretcher while waiting for a bed at Ipswich Hospital.

Loading...
View More
  • 0 Comment(s)
Captcha Challenge
Reload Image
Type in the verification code above