Crown and Star casinos outline survival strategies for coronavirus shutdowns
Staff stand downs and debt-funding facilities detailed, while terms agreed to allow Barangaroo build to continue Sign up for Guardian Australia’s daily coronavirus email Download the free Guardian app to get the most important news notifications Australia’s two big casino groups, Crown Resorts and the Star group, have released details of their survival strategies in a bid to reassure investors they can weather the shutdowns of their businesses due to the coronavirus. The government announced that casinos must close on 23 March, resulting in two of the nation’s biggest employers laying off thousands of staff and closing their casinos. Continue reading…
Crown and Star casinos outline survival strategies for coronavirus shutdowns
Staff stand downs and debt-funding facilities detailed, while terms agreed to allow Barangaroo build to continue Sign up for Guardian Australia’s daily coronavirus email Download the free Guardian app to get the most important news notifications Australia’s two big casino groups, Crown Resorts and the Star group, have released details of their survival strategies in a bid to reassure investors they can weather the shutdowns of their businesses due to the coronavirus. The government announced that casinos must close on 23 March, resulting in two of the nation’s biggest employers laying off thousands of staff and closing their casinos. Continue reading…