This segment has clearly emerged as the second-biggest gambling market in the country, with gambling expenditure of $8.4 billion. Whatever happens to it and its casino assets, there are bigger questions about whether the age of unfettered gambling revenue for casinos may have already ended. Last year’s opening of a new riverside casino in Queen’s Wharf, Brisbane, was seen as a way to revitalise the business. But today's uncertainty follows a confidential submission made to The Bell inquiry reportedly suggesting Star should not hold a casino licence. Shares in the casino operator have dipped to 57 cents at the time of writing, down nearly 2% on the day. The selling pressure comes amidst potential concerns over its casino licence.
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