ERROL PARKER | Editor-at-large | Contact
People around the country are watching on as a fucking casino chain teeters on the brink of bankruptcy, wondering who the hell could fuck something up this bad.
The Star, with casinos in Brisbane, Sydney and the Gold Coast, is struggling due to the repercussions suffered for laundering vast sums of cash for criminal gangs as well as construction unions in Queensland making it hard for them.
The Queen Street Wharf development in Brisbane is over-budget and late, putting pressure on Star Entertainment’s bottom line.
However, it’s the most recent revelations regarding the group’s rumoured impending collapse that has tongues talking around town.
Closer to home, the operators of the French Quarter Casino (FQC) admitted that even they have no idea how you can fuck something like running a casino up so badly that the business is in danger of going bankrupt.
“It’s a genuine noodle scratcher,” said FQC managing director Kurtis Overell, son of this masthead’s editor, Dr Clancy Overell.
“We take in way more money than we spend, which is what we in the business game call profit. I actually don’t know how they could have more expenses than income. I know they got put on bitch hard from the regulator with those fines for washing cash, which is what we all do but fuck me, you have to be dumb as a box of rocks to get pinged for doing that. They also lost their licence for that,”
“When you do your CFA, which most of the board and executive at Star would’ve done, they teach you how to identify potential arse doings before the happen. In terms of arse doings, you’d seldom see one worse than this. This makes Alan Bond look like Mike Cannon-Brookes,”
“This is a proper shamejob. I’d be so embarrassed.”
The Advocate reached out to Star for comment but have yet to receive a reply.
More to come.
