Page 2 - Nick Weeks News Today

The Star Entertainment Group boss spent one week reviewing all jobs across the organisation, before finding the 500 positions that would go.

The Gentry School Board heard about the states new education law that raises starting teacher salaries to $50,000 during its April 10 meeting.

Scott Wharton will leave the company part way through its grace period granted by the regulator to clean up its act.

Investors savoured the cream delivered in part by Star’s “cavalier” approach to governance and risk, now the stock is wallowing around $1.88.

Shine alleges Star misled the market, breached continuous obligation laws, and caused the stock price to plummet.

Star Entertainment is accused of misleading the market, breaching continuous obligation laws and wiping billions of dollars from the company’s value.

From punitive pokie taxes to new regulatory actions and the high cost of reform, casinos are not the lucrative businesses (or easy directorships) they once were.

The casino group sought “urgent” meetings with the NSW government after the treasurer unveiled a proposed tax increase on Star’s flagship Sydney casino.

The blow comes after the gambling giant was also hit with a $100million fine and the suspension of its casino licence after an inquiry in NSW that sparked the Queensland probe.

Company still doing business with higher risk customers and allowing money to be moved through highly risky channels, watchdog claims in court action