Casino operator Star seeks tax relief from Queensland government days after opening $3.6bn precinct (www.theguardian.com)

submitted 9 months ago by [email protected] to c/[email protected]

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The Queensland government is in talks with Star which reportedly needs $300m in short-term funding to continue operating Queen’s Wharf precinct in Brisbane’s CBD.

Sucked in. I hate casinos. I hate gambling in general.

Having said that... How do they get in financial trouble?? You're literally stealing money from people on a grand scale. Some punters are losing their homes because of how much money they pour in. Crooks are laundering money by losing a huge percentage of their cash there. International visitors turn up and drop tens (hundreds?) of thousands in a night.

“The worst case scenario would be that they have to close their doors not long after opening them,” the premier, Steven Miles, said on Wednesday.

IMO the BEST case scenario is that they close their doors, and the space is used for something better than gambling.

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[-] [email protected] 14 points 9 months ago

That "worst case scenario" really doesn't seem that bad to me. Exactly what would happen to any busy that overextends themselves and runs out of money. What, exactly, makes Star so special that they feel they deserve relief from the government?

this post was submitted on 04 Sep 2024

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