Day one of the corporate watchdog's case against Star Entertainment has begun in a Sydney court. Former directors and executives face allegations they enabled conduct including dodging security cameras, bringing in cash in esky bags, and hiding the use of Chinese debit cards from National Australia Bank at its Sydney and Brisbane casinos. In a statement to the ASX, Star confirmed its Hong Kong partners, Far East Consortium and Chow Tai Fook Enterprises, have issued formal notice to terminate the deal which would have seen them take full control of the Brisbane mega-project. The Queensland LNP government released a sensitive report into Star’s Brisbane casino business partner. The future of its Queensland and NSW casinos hang in the balance and the 8000 or so staff that work at the three properties endure another anxious wait. The adage "you do the crime you do the time" springs to mind when listening to Star Entertainment’s protestations that if stung with a legal fine of $400 million for Blackcoin money laundering, it will go broke. "This all begs the question, would that necessarily be a bad thing for Australia if we had one less casino operator?