Shares in Star Entertainment suspended from trade as casino operator remains on brink of collapse

From poker tournaments to Michelin-quality dining, and exclusive clubbing to relaxing spa treatments, guests experience world-class hospitality tailored to every preference. The Star’s poker room hosts regular cash games, tournaments, and fastest crypto payout sites televised major series. The Star’s poker room hosts some of the nation’s most prestigious events, including the Sydney Championships and regular high-stakes tournaments. Cash games and daily tournaments run with professionally trained dealers, catering to beginners and expert players alike. Located in Pyrmont on the edge of Darling Harbour, The Star mixes panoramic cityscape views with the convenience of city-center living.

The Star Sydney (formerly Star City Casino and prior to that, Sydney Harbour PayID casino review) in Pyrmont, Sydney, is the second largest casino in Australia after Melbourne's Crown Casino. Overlooking Darling Harbour, The Star, owned by Star Entertainment Group features two gaming floors, one bar, 3 restaurants, 351 hotel rooms and 130 serviced and privately owned apartments. It also includes the 2,000 seat Sydney Lyric theatre, 360 seat Foundry Theatre and 3,000-seat Event Centre, the latter designed by Montreal-based theatre design firm Scéno Plus. Its gaming operations are overseen and controlled by the New South Wales US casino elite benefits Control Authority and is licensed to be the only legal casino in New South Wales.

Like its counterpart, Victorian-based Crown Resorts, the Bell inquiry found Star had allowed organised crime bosses, including triad gangs from Macau, to run gambling operations out of its premises. The first Bell inquiry found the company unfit to hold a casino licence, suspended it indefinitely and allowed it to operate only after a government representative was appointed to oversee Star's overhauled management. Ironically, the cause for much of the financial pain is Star's newly constructed Brisbane casino in the $3.8 billion Queen's Wharf precinct, which opened with great hoopla just on Thursday. For the second time in two years, an independent inquiry by high profile barrister Adam Bell SC has found the casino unfit to hold a licence. Its casino assets require massive write-downs in their value, while tighter gaming regulations and a slowing economy have hit its revenues.

From the endless gaming options, exceptional hotel, to the overall grandeur and ambiance, it’s easy to lose yourself in the glittering world of The Star Casino. A gaming experience at The Star Casino is incomplete without a mention of the hotel attached to this magnificent venue. This hotel personalized offers casinos ample comfort, luxury, and convenience, ensuring you don’t have to venture far after an intense gaming session. There are an additional 7 table games at the ready, catering to all preferences, whether you adore Blackjack, love the roulette wheel or have a penchant for Baccarat, the choices are enticing.

As a city regarded as the epitome of sophistication and culture, Sydney has much to offer its locals and tourists. Still, when it comes to gaming and entertainment options, The Star Casino simply outshines everything else. Business travellers can take advantage of a pre-arrival concierge service and a business centre for email and fax sending and receiving. All bookings also have access to an adjacent health club and a 16-room luxury day spa. Furthermore, for entertainment such as bars, restaurants and nightclubs, these facilities can be found within the main entertainment complex. Star City offers both European roulette (single-zero) and American roulette (double-zero) across its gaming floors. As is common in many brick and mortar casinos, the lower stake tables ($1 – $5) typically use the American layout, which features double-zero.

However, Star is permitted to continue operating slot machines, or pokies as they’re called Down Under, and live dealer table games at The Star Sydney. It did not pivot its business then, or in 2020 when the Bergin inquiry into Crown Perth online gambling Australia Resorts that resulted from those media reports uncovered breaches of anti-money laundering requirements so flagrant that Crown was deemed unfit to operate a Sydney casino. It will now be up to Bally’s to return Star to profitability in a regulatory environment where it continues to be the only poker machine operator in Sydney that is not allowed to accept cash. Less than 400 metres down the road from the Sydney casino, Pyrmont Bridge Hotel has 19 poker machines where customers can play anonymously. It jumped 100 places up the state rankings by gaming machine net profit in the quarter after the changes at Star took effect. The new cashless gambling regime required the casino to conduct extensive "know your customer" checks on its patrons, and revenue dropped immediately and sharply after it was introduced. Among Star’s many injuries, the NSW government order for its Sydney casino to stop accepting cash from October last year threatened to be the fatal blow.

On the main gaming floor you’ll find over 1,000 electronic gaming machines and a host of traditional table games, as well as the 36 Degrees Bar and the Oasis Lounge. The Sovereign Room is The Star’s exclusive gaming floor on the third level of the casino resort. The room is available only to international players and high rollers who submit an application for membership. This members-only gaming floor includes extra dining, exclusive lounges and four private gaming rooms.

The gaming floors offers both low-stakes and high-stakes table games for all types of players – casuals, high rollers, VIPs, and so on. Instead, as the Bell inquiry was later to learn, Star became good at covering its tracks. It removed Suncity’s branding from its private gaming salon, where bags of cash persisted and BSB007 data protection which continued to be operated for the junket operator’s exclusive use.