New ‘Queen of the Cross’ Christina Jaucian sees her nightclub empire collapse with debts of $400,000 as she blames her old boss – but she’s still bought herself a ‘perfect’ new car

The new Queen of the Cross’s nightclub empire has crashed owing almost $400,000 less than two years after she was hailed as the saviour to revive Sydney’s nightlife.

Christina Jaucian, 46, took over Kings Cross venues Chicane and KX Social in April 2023 and promised to bring back the glory days killed off by the lock-out laws.

The venues in Sydney’s once-infamous King’s Cross had fallen into liquidation under the previous owner Ussi Moniz Da Silva who is alleged to have fled to Bali owing over $7million to creditors.

Ms Jaucian vowed to create two ‘safe’ and stylish nightclubs that would be ‘operating at full capacity within a few months’ alongside the nearby trendy Levant restaurant.

But now the parent company of all three establishments, 24 Bayswater Pty Ltd, has collapsed into liquidation, owing almost $380,000 to suppliers and staff.

The nearby Eros restaurant, run by her husband, Lance Alaalatoa, also appears to have gone under. 

Despite this, Ms Jaucian appears to have found the money to buy a new car after a rumoured move interstate.

A glowing review left by a ‘Christina Jaucian’ four weeks ago for Ausloans Finance Group, based near the Gold Coast, praised a staff member for being ‘an absolute pleasure to deal with!’ 

Christina Jaucian, 46, who was once dubbed ‘Queen of the Cross’, took over the Chicane and KX Social nightclubs in April 2023 to much fanfare, promising to bring back the area’s glory days before the lock-out laws killed them

The venues in Sydney’s once-infamous King’s Cross had fallen into liquidation under the previous owner Ussi Moniz Da Silva who is alleged to have fled to Bali owing over $7million to creditors (pictured: the dancefloor in Chicane nightclub)

‘He attended to all our concerns and found us the perfect car,’ Ms Jaucian gushed.

‘The entire experience was seamless, fast and headache-free. We wouldn’t go anywhere else!’

The same Google account has left a number of past reviews at various Sydney restaurants and nightclubs.

These include a five-star review for Chicane nightclub, left a year ago, and another glowing five-star review for Maali, Chicane’s previous name.

Liquidator Stephen Dixon’s report, obtained by Daily Mail Australia, revealed Ms Jaucian blames the demise of her nightclub empire on the previous owner, Mr Da Silva.

‘The Director has advised the primary reason of the businesses’ failure was due to disputes with the previous owner of the businesses,’ Mr Dixon writes. 

‘According to the Director, the previous owner was not in favour of the Director acquiring and operating the businesses, leading to incidents of vandalism, equipment damage and rumours of criminal activity.

‘These issues led to severe financial losses and negative publicity for the business, eventually leading to a decline in customer numbers. 

Despite the collapse of her nightclub empire, Ms Jaucian (pictured) appears to have found the money to buy a new car (review pictured below) after a rumoured move interstate 

‘The Director has also attributed financial difficulty to the unfavourable lease arrangement for the Company’s trading premises, which constituted high rent and a month-to-month tenancy.’ 

While Mr Dixon acknowledged that the reasons provided were ‘likely significant factors leading to the Company’s financial difficulties’, he also blamed a poor cash flow, bad management and a lack of working capital. 

He found that 10 staff members were owed a total of $90,707 in unpaid wages, leave and super.

Three secured creditors were owed over $45,000, while unsecured creditors were owed in excess of $210,000.

AGL was also owed over $42,000 in unpaid electricity bills. 

Mr Dixon was also prevented from analysing the company’s books because Ms Jaucian claimed to have lost access to the electronic records.

Until access is gained, Mr Dixon said he could not comment on whether there was a claim for pursuing a claim against Ms Jaucian for insolvent trading.

Insolvent trading is when a company incurs new debts while it can’t pay its existing debts and it is illegal in Australia. 

Ms Jaucian vowed to create ‘safe’ and stylish nightclubs ‘operating at full capacity within a few months’ alongside the trendy Levant restaurant (the diner’s launch event is pictured)

Mr Dixon also ‘identified multiple payments totalling $26,340 that may be uncommercial’. 

‘The payments were with respect to rent and utilities for the Director’s (Ms Jaucian’s) personal home address,’ he wrote.

Mr Dixon said the transactions ‘warrant further investigation to ascertain their likelihood of recovery’. 

He added: ‘My investigations into the affairs of the Company have identified multiple payments to the Director, unlabelled and unreferenced, totalling of $4,386. 

‘There were multiple other transactions to the Director that were labelled as the payment of wages. 

‘Further investigation into this is needed before I can evaluate the significance of the transaction and determine whether it is uncommercial and unreasonable.’

He also requested that five of the company’s bank accounts with ANZ be frozen, even though they had ‘a negative or nil balance’. 

Attempts were made to contact Ms Jaucian for comment.

Eros, run by her husband, was ordered to close for 60 hours in March 2023 by the NSW Independent Liquor & Gaming Authority after police received a credible threat that bikie gangs were going to storm it. 

At the time, a source with knowledge of the frightening situation told Daily Mail Australia: ‘Kings Cross isn’t a safe place right now, tensions are rising… war is imminent.’ 

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