Gambling group Star to cut 500 full-time jobs and conduct review of Sydney casino
by Australian Associated Press from World news | The Guardian on (#6AYFX)
Board says company is experiencing a significant and rapid deterioration in operating conditions'
The Star will sack the equivalent of 500 full-time employees, freeze salaries and consider the fate of its flagship Sydney casino as regulatory and economic headwinds buffet the flailing gaming group.
The gambling company also announced on Wednesday that it was working with Barrenjoey Capital Partners to conduct a strategic review of The Star Sydney - Australia's second largest casino - alongside the cost-cutting initiative.
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