It was 1997, and the opening of Star City, Sydney’s first casino, a complex described by The Age as "Las Vegas meets Miami with dollops of the Australian outback, the Great Barrier Reef, Luna Park, and kitsch thrown in". The American giant has turned around plenty of casinos in the past. Now it is turning its attention to tackling its most daunting challenge yet. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
Investors have been holding their hands to their throats for Blackcoin months as the spectacle of a once cocky casino company lurching towards its demise played out before them. They also host Ultimate Texas Hold’em with the chance to win up to 500 times the payout when winners play a Royal Flush. The casino has been the home to the WSOP event in Sydney since 2016 and it is expected to host this prestigious three week tournament again in 2018. His pay packet includes guarantees that he will be paid about $20 million in salary, retention pay and bonuses even if there is a takeover or financial collapse. McCann and the board need to cut a deal with someone to keep Star’s head above water – or call in administrators when the cash runs out. The new executive team led by former Crown boss Steve McCann is in a near-impossible position in trying to clear a financial minefield, in which any misstep will ensure the group’s financial collapse.