{"id":69,"date":"2024-06-26T00:18:31","date_gmt":"2024-06-25T21:18:31","guid":{"rendered":"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/26\/star-entertainment-inks-pact-with-nsw-government-to-ensure-workforce\/"},"modified":"2024-06-26T00:18:31","modified_gmt":"2024-06-25T21:18:31","slug":"star-entertainment-inks-pact-with-nsw-government-to-ensure-workforce","status":"publish","type":"post","link":"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/26\/star-entertainment-inks-pact-with-nsw-government-to-ensure-workforce\/","title":{"rendered":"Star Entertainment Inks Pact with NSW Government to Ensure Workforce"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/GJW4CnOIBrs\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Star Entertainment Group has inked a binding pact with the New South Wales (NSW) government to ensure a minimum workforce at its Sydney operations.<\/p>\n<p>The Star Entertainment Group has entered into an employment assurance agreement in New South Wales.<br \/>\nUnder the accord with NSW Treasurer Daniel Mookhey, the Star Entertainment Group will also commence a pilot program for cashless and card-based gaming at its Sydney casino. This is a prelude to reforms being implemented across NSW later this year.<\/p>\n<p>The agreement has been sanctioned by the Star Entertainment Group, NSW authorities, and the United Workers Union. The Star Entertainment Group has consented to maintain a minimum workforce and uphold a specific ratio of full-time, part-time, and casual staff. The agreement is in effect until June 30, 2030.<\/p>\n<p>Under revisions to the Casino Control Act, the Star Entertainment Group will face penalties for failing to fulfill its commitments. The employment commitment permits certain modifications in specific circumstances, including events of significant adverse change.<\/p>\n<p>Last August, the Star Entertainment Group received concessions from the NSW government on casino tax rates. Since then, the company has been crafting a transition strategy to stabilize operations at its Sydney casino and curb further job losses.<\/p>\n<p>Agreement to pilot cashless casino gaming<br \/>\nThe Star Entertainment Group has also agreed to pilot cashless and card-based gaming at The Star Sydney. <\/p>\n<p>The revamp of the New South Wales regulatory system will see the introduction of cashless gaming and card-based gaming initially in August 2024. The pilot program will encompass 51 slot machines and 8 gaming tables until the framework is fully enacted.<\/p>\n<p>Star Entertainment&#8217;s CEO, Robbie Cooke, in response to the formalization of this agreement, stated: &#8220;Star Entertainment is appreciative of the constructive dialogue with the current New South Wales administration that resulted in the accord, which ensures job security for our dedicated and hard-working team members in Sydney.<\/p>\n<p>&#8220;As we continue to strive to regain the trust of the community and implement the necessary changes to restore Star Entertainment&#8217;s suitability, we are also committed to continuing to play our part as a significant contributor to the New South Wales economy.&#8221;<\/p>\n<p>Star Entertainment reported an annual loss of A$2.4 billion.<br \/>\nIn August of the previous year, Star Entertainment announced an annual loss of A$2.4 billion ($1.6 billion\/\u20ac1.5 billion\/\u00a31.2 billion) as the company factored in the cost of its casino value write-downs.<\/p>\n<p>Star Entertainment faced a series of penalties and declared A$2.8 billion in spending for that year, labeled &#8220;major projects.&#8221;<\/p>\n<p>This included A$2.2 billion in non-cash impairments for Treasury in Sydney, Gold Coast, and Brisbane, as well as goodwill and property assets. There were also A$595 million in regulatory and legal costs, A$54 million in debt restructuring costs, and A$16 million in redundancy costs. <\/p>\n<p>These expenses, excluding the positive EBITDA increase of A$317 million, led to a net loss of A$2.4 billion.<\/p>\n<p>The state of New South Wales in September 2022 determined that Star Entertainment Group was not suitable to possess a casino license. The investigation by barrister Adam Bell uncovered a string of shortcomings in anti-money laundering and social responsibility at Star Sydney Casino over an extended period. A year later, an assessment of the advancement of Star Sydney Casino revealed that the casino had put into practice 22 of the 30 recommendations outlined in the Bell report.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Star Entertainment Group has inked a binding pact with the New South Wales (NSW) government to ensure a minimum workforce at its Sydney operations. The Star Entertainment Group has entered into an employment assurance agreement in New South Wales. Under the accord with NSW Treasurer Daniel Mookhey, the Star Entertainment Group will also commence [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Star Entertainment Commits to NSW Workforce<\/title>\n<meta name=\"description\" content=\"Star Entertainment Group signs agreement with NSW government to ensure minimum workforce and pilot cashless gaming at Sydney casino.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/26\/star-entertainment-inks-pact-with-nsw-government-to-ensure-workforce\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Star Entertainment Inks Pact with NSW Government to Ensure Workforce\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Star Entertainment Group signs agreement with NSW government to ensure minimum workforce and pilot cashless gaming at Sydney casino.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/26\/star-entertainment-inks-pact-with-nsw-government-to-ensure-workforce\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Best of Online Casino Action | Licensed &amp; Trusted\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T21:18:31+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/26\/star-entertainment-inks-pact-with-nsw-government-to-ensure-workforce\/\",\"url\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/26\/star-entertainment-inks-pact-with-nsw-government-to-ensure-workforce\/\",\"name\":\"Star Entertainment Commits to NSW Workforce\",\"isPartOf\":{\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-25T21:18:31+00:00\",\"dateModified\":\"2024-06-25T21:18:31+00:00\",\"author\":{\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Star Entertainment Group signs agreement with NSW government to ensure minimum workforce and pilot cashless gaming at Sydney casino.\",\"breadcrumb\":{\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/26\/star-entertainment-inks-pact-with-nsw-government-to-ensure-workforce\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/26\/star-entertainment-inks-pact-with-nsw-government-to-ensure-workforce\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/26\/star-entertainment-inks-pact-with-nsw-government-to-ensure-workforce\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430\",\"item\":\"https:\/\/miraxcasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Star Entertainment Inks Pact with NSW Government to Ensure Workforce\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/miraxcasinonodepositbonus.icu\/\",\"name\":\"Experience the Best of Online Casino Action | Licensed &amp; Trusted\",\"description\":\"Experience the excitement of licensed online gambling with our regularly updated news, in-depth reviews, and expert articles. 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