Australia’s Star Entertainment Group has entered into a binding agreement with the NSW state government under which it must maintain a minimum number of staff until 30 June 2030 or face certain penalties.
The agreement also requires Star to trial cashless and carded play ahead of a full introduction by August of this year, according to details filed by the company.
Originally agreed in principle in August 2023, the binding documentation is now due to be tabled to parliament within 10 business days. Under the documentation, Star has reached agreement with the state government and the United Workers Union to maintain a minimum headcount and certain ratios of full-time, part-time and casual employees at The Star Sydney. The commitment is subject to permitted adjustments in certain circumstances – including for force majeure and material adverse change events – only following consultation with the government and the Union.
Following amendments to the Casino Control Act 1992 (NSW) in December 2023, certain penalties can apply to The Star for failing to comply with the jobs commitment, the company explained.
Star said it has also entered into documentation to give effect to a formal trial of cashless and carded play at The Star Sydney casino.
The trial is a precursor to reforms to the NSW regulatory framework which will see cashless gaming and carded play introduced to NSW casinos from August 2024.
Subject to the receipt of final regulatory approvals, the trial will apply to 51 poker machines and eight table games within the Sovereign Room at The Star Sydney until the regulatory framework comes into effect.
“The Star appreciates the constructive engagement with the current NSW Government that has led to finalization of an agreement that provides employment certainty for our dedicated and hard- working team members in Sydney,” said Star’s Group CEO and Managing Director, Robbie Cooke.
“As we continue to focus on earning back the trust of the community and implementing the reforms required to restore The Star to suitability, we are also committed to the continuation of our role as a valuable contributor to the NSW economy.”
