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    Queensland Premier David Crisafulli said he was worried about Star’s operations and would continue to support staff.
    The two firms issued Star with a notice to terminate the deal, which will come into effect on Monday unless it is withdrawn within five business days.

    It recently secured a $300 million rescue package from US casino giant Bally’s Corporation after being hit with allegations of law-breaking, including money laundering.
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    The company’s offer was rejected overwhelmingly
    by workers, who say it ignores the cost-of-living crisis and fails to recognise
    their efforts. According to the union, management is offering a wage deal that
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    Kennedy said money had been found to support other parts of the business, and
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    Union members said they had been told by management that
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    Queensland premier David Crisafulli said his interests were “not in Star, not in the people who sit around the corporate boardrooms, my interests are in the working people who are there in that facility”.
    She said if this eventuated the administrator would try
    to find a way to sell the company, or parts it that are unprofitable, and then see if it could continue in a smaller way to be successful.
    Swinburne University law and corporate governance specialist Helen Bird told ABC’s News
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    administration.
    The Star Brisbane features The Star’s own 5-star hotel offering The Star Grand, and a
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    Dorsett Brisbane. He said the company’s options are “limited” and a “Hail Mary” to get the joint
    venture partners back at the table would be front of mind for its executives.
    In its quarterly update posted to the ASX on Wednesday, the company flagged a deal was “unlikely”
    to go through before the July 31 deadline.
    Colin Kruger is a senior business reporter for
    the Sydney Morning Herald and The Age.Connect via email.
    He has covered banking and financial services, and was previously national business correspondent in the Canberra bureau.Connect via X or email.
    Remaining assets included in the transaction, such as the Treasury Hotel
    in Brisbane, are subject to a separate set of
    conditions to be finalised in the second half of 2026.

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