Star has again secured a lifeline and staved of collapse in the near term. But there are bigger questions about the profitability of casinos in Australia in general.
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Too often after corporate scandals, directors claim ignorance. The corporate regulator is arguing they should have asked more questions.
State and territory governments dependent on gambling revenues seem loathe to shut down casinos despite criminal activity.
Fixing the culture of individual casino operators is one thing. Fixing the political culture that allowed them to run amok is another.
