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The Australian

Good afternoon,

Casino operator Star Entertainment’s desperately needed $900m refinancing lifeline has failed, and the troubled company is fast running out of options to avoid being placed into administration.

Meanwhile, the collapse of Star's financing deal means its chief executive, Steve McCann, has potentially run out of options. The Australian's Eric Johnston delves into what comes next.

And on the eve of US President Donald Trump's next tranche of tariffs, ASIC chair Joe Longo has revealed the trepidation he's feeling about about global markets and geopolitical risk.

Vesna Poljak

Business Editor

The markets

Commentary

Dutton must change his tune amid business shock over polling

By ROBERT GOTTLIEBSEN

Business Columnist

The business and investment communities are shocked opinion polls show voters prefer Anthony Albanese. Here’s what Peter Dutton needs to do to stem the tide.

Latest news

MinRes, Chris Ellison sued over ‘misleading conduct’

Shareholders have hit the miner and its managing director Chris Ellison with a class action that will examine his tax evasion and how share prices were impacted by alleged poor governance.

By BRAD THOMPSON

Secret basketball court can’t be ‘certified’ after council tip off

A wealthy Sydney family is working out how to avoid having to demolish an underground basketball court after a complaint revealed it is metres deeper than approved plans allow.

By ANGELICA SNOWDEN

Fintech boss backs card surcharge shake-up

The boss of one of Australia’s largest digital payments providers, which just acquired SecurePay, has backed a crackdown on ‘manipulative’ card surcharges.

Qantas chair says airline’s reputation rescue in progress

Qantas chairman John Mullen says ‘change is good for everybody’ as he concedes the airline’s reputation is a long way from being fixed.

By ROBYN IRONSIDE

Kelsian moves to offload entire tourism portfolio

The major operator is hoping to offload assets from Bruny Island to Sydney Harbour due to debt, a plummeting share price, and lack of Chinese tourists.