His pitch is to convince both the NSW and Queensland governments that their interests would be best served by keeping Star Entertainment afloat.
He will be arguing that an administrator would be disinclined to fund the casinos to keep their doors open, and that if governments want to protect the 9000 jobs at stake, they would be called on to tip in cash to do that.
McCann’s pitch will be that if the casinos’ doors closed, the tax revenue state governments receive would immediately dry up.
Of course the state governments want to protect jobs, but equally, they don’t want to be seen to be using taxpayer money to bail out casinos – particularly given Star’s previous litany of corporate misbehaviour issues.
Star also has a big sales…
