[14][15] Following the report shareholders began forming a class action lawsuit against Star and inquiries were launched by Queensland's, Western Australia's, Victoria's, and New South Wales's state gaming regulators.

[20] In late 2022, the Queensland Government also found Star unsuitable to hold its dual state casino licences.

[22] Queensland Attorney-General Shannon Fentiman found Star misled regulators and failed in its anti-money laundering duties.

[24] Casino licences for the Treasury Brisbane and the Star Gold Coast will be suspended for 90 days, with this action deferred until December 1, 2023.

He was additionally quizzed on Tuesday over a series of ‘heat of the moment’ texts with Cooke in which the pair allegedly discussed getting rid of Weeks by having shareholders launch a class-action lawsuit against the government-appointed manager.

[27] On 10 February 2025, ASIC is proceeding to sue the former board of the company in the High Court of Australia for failing to keep track of money laundering.

It already settled with and withdrew CFO Harry Theodore on misleading the National Australia Bank on its ATMs being used to funnel the money, with the penalty yet to be calculated.

[30] Hard Rock International was said to be weighing a bid for the struggling company,[31] but they subsequently stated that they were not looking into acquiring Star Entertainment.

[33][28] Blackstone already is in the global casino business and owns Australian rival Crown Resorts so it may not go through on anti-competition concerns, though reports speculate authorities' stance may be soften in this special case.

Angus Hewitt, an equity analyst at Morningstar, Inc., cites weak consumer sentiment and restrictions such as mandatory carded play as significant factors.

There are also fears that its portfolio will be divested or shuttered, with the Queen's Wharf, Brisbane precinct opening just the previous August, as well as that the company collapsing will wipe out investors or workers.

Ross Greenwood who is the business editor at Sky News reported “Sources close to the financially troubled Star Entertainment have revealed to us that the company could enter administration within a week as its cash reserves again run dry”.