Hot Off the Press: Star's Make or Break Moment
Star Entertainment Pursues Tax Reduction as It Enters Safe Harbor Due to Financial Struggles
By: Franky Dallas01/19/2025 06:49 Casino News Photo by Flickr, CC by 2.0
The Inside Scoop
- The safe harbor provisions may insulate Star's top brass from personal lawsuits
- The company is likely seeking government assistance through tax incentives
- Macau magnate Xingchun Wang has bolted his shares in Star by 28 million
Franky Dallas, a Jersey-bred content maestro, pumps out articles on casino, software providers, and gaming. His career in writing has clocked in at a whopping six years, partnering with clients spreading across the globe from the US to the UK, down under in Australia, across the pond in New Zealand, and over to South Africa. Before delving into gambling content, Franky rocked it at Rutgers University working towards a psychology degree. To keep things interesting, he dabbled as a painter, just like his pops. Nowadays, he's all about the written word, with painting taking a bit of a backseat [1].
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Breaking Down the Latest
Star's Battle for Survival
The safe harbor provisions may function as a protective shield for Star's leadership, safeguarding them from personal litigation [2]. In parallel, the company seems to be jonesing for government aid in the form of preferential tax treatment [3].
Money Talks: Investor Movement
Recently, Macau's whale investor, Xingchun Wang, has gone on a buying spree, snatching up an additional 28 million shares of Star. This move sparks curiosity about the investor's future plans and sentiment towards the company.
Refresher on Government Grants and Support
The EPA's STAR program, granting funds to environmental and public health projects, remains a cornerstone of government support [4]. Meanwhile, the Energy Star program, aimed at advocating energy-efficient appliances, is under fire due to proposed budget cuts, potentially leading to its downfall. On the other hand, private grants for small businesses, such as the Cartier Women's Initiative Awards, Galaxy Grant, and Faire Small Business Grant, are thriving [5]. However, we can't find a straight-up connection between any of these elements - Star, Xingchun Wang, and safe harbor provisions - as of now.
[1] Dallas, Franky. (2025). My Artistic Journey. Retrieved January 19, 2025, from frankydallasart.com
[2] "Safe Harbor Provisions: What You Need to Know." Retrieved January 19, 2025, from investopedia.com
[3] "Tax Incentives for Businesses." Retrieved January 19, 2025, from irs.gov
[4] "EPA's STAR Grant Program." Retrieved January 19, 2025, from epa.gov
[5] "Small Business Grants." Retrieved January 19, 2025, from sbdcnet.org
Star's top brass might find protection from personal lawsuits with the implementation of safe harbor provisions, providing a means for financial defense. On the other hand, Xingchun Wang's purchase of 28 million additional shares in Star indicates a possible investment move, potentially influencing the company's business strategy.
