How does a casino go broke? The Star saga explained

Headlines: Israel and Hamas reach ceasefire deal, Bill Shorten to leave politics nine days early, Coles to ban the sale of knives after staff stabbed and Vukic and de Minaur through to round three of the AO, Kokkinakis and Tomljanović crash out. Deep Dive: Casinos are usually synonymous with high rollers and high stakes. But running a business of the size and scale of a casino comes with big risks and big expenses – despite having a possibly never-ending stream of clientele addicted to participating in what you’re selling.  With that in mind – how did we end up in a situation where our largest publicly traded casino operator is in serious financial trouble? The Star Entertainment Group – who operate casinos in Sydney, Brisbane and the Gold Coast – could be broke within weeks. Charles Livingstone is a gambling expert and associate professor at Monash University – he joins Chris Spyrou on this episode of The Briefing to explain how that’s possible and what we need to know about what might happen over the coming months.   Follow The Briefing:  TikTok: @listnrnewsroom Instagram: @listnrnewsroom @thebriefingpodcast YouTube: @LiSTNRnewsroom Facebook: @LiSTNR Newsroom See omnystudio.com/listener for privacy information.