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ABC News
ABC News
Business

Star Entertainment announces 500 job losses amid 'rapidly deteriorating' operating conditions at Sydney and Gold Coast casinos

The Star Casino in Sydney was hit with a $100 million fine and licence suspension last year over its failure to prevent criminal activity. (ABC News: Jason Om)

Hundreds of workers at Star casinos in Sydney and the Gold Coast will lose their jobs after the Star Entertainment Group announced it is seeking to cut costs by $100 million amid "rapidly deteriorating" operating conditions.

In a statement to the ASX the troubled gambling giant said it would cut 500 jobs, freeze salaries and cancel executive bonuses to try to improve its financial outlook.

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