On line casino group Star awards government bonuses whereas pocketing JobKeeper

On line casino group Star Leisure has handed its high executives $1.four million price of bonuses regardless of lacking their annual monetary targets whereas pocketing $9.6 million in Jobkeeper subsidies to cowl employees wages.

The Star revealed on Wednesday it paid its chief government Matt Bekier $2.three million for the 2020 monetary 12 months, down from $three.three million a 12 months earlier and $four.four million in 2018.

The Star Casino in Sydney was forced to close due to the COVID-19 pandemic.

The Star On line casino in Sydney was compelled to shut as a result of COVID-19 pandemic. Credit score:Louise Kennerley

Mr Bekier’s base wage fell by $173,000 to $1.55 million after he took a 40 per cent pay minimize when COVID-19 compelled the group to close its casinos in Sydney, Brisbane and the Gold Coast and stand down 95 per cent of its 9000 staff.

However Star awarded Mr Bekier a bonus of $829,872 in deferred shares amongst $1.four million given to the group’s high 5 executives, in keeping with Star’s annual report. The bonuses have been paid in fairness to “protect money” and be accessible after a 12 months if the executives stick with the corporate, the report says.