How does a casino go broke? The Star saga explained

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Deep Dive: Casinos are usually synonymous with high rollers and high stakes. But running a business of the size and scale of a casino comes with big risks and big expenses – despite having a possibly never-ending stream of clientele addicted to participating in what you’re selling.

With that in mind – how did we end up in a situation where our largest publicly traded casino operator is in serious financial trouble?

The Star Entertainment Group – who operate casinos in Sydney, Brisbane and the Gold Coast – could be broke within weeks.

Charles Livingstone is a gambling expert and associate professor at Monash University – he joins Chris Spyrou on this episode of The Briefing to explain how that’s possible and what we need to know about what might happen over the coming months.

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