The new Queen of the Cross’s nightclub empire has collapsed for almost $400,000 less than two years after she was hailed as the savior of reviving Sydney’s nightlife.
Christina Jaucian, 46, took over Kings Cross venues Chicane and KX Social in April 2023 and vowed to bring back the glory days ended by lockout laws.
Venues in Sydney’s once infamous King’s Cross had fallen into liquidation under previous owner Ussi Moniz Da Silva, who reportedly fled to Bali owing more than $7 million to his creditors.
Jaucian promised to create two “safe” and stylish nightclubs that would “operate at full capacity within a few months” next to the nearby trendy restaurant Levant.
But now the parent company of the three establishments, 24 Bayswater Pty Ltd, has gone into liquidation and owes 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 rumored interstate move.
A glowing review left by one ‘Christina Jaucian’ four weeks ago for Ausloans Finance Group, based near the Gold Coast, praised one member of staff for being ‘an absolute pleasure to deal with!’
Christina Jaucian, 46, who was once nicknamed the ‘Queen of the Cross’, took over nightclubs Chicane and KX Social in April 2023 to great fanfare, vowing to recapture the area’s glory days before that the lockout laws would kill them.

Venues in Sydney’s once infamous King’s Cross had fallen into liquidation under previous owner Ussi Moniz Da Silva, who reportedly fled to Bali owing more than $7 million to creditors (pictured: the dance floor at the nightclub Chicane).
“He addressed all of our concerns and found us the perfect car,” Mrs. Jaucian gushed.
‘The whole experience was smooth, fast and headache-free. We wouldn’t go anywhere else!’
The same Google account has left several previous reviews on various Sydney restaurants and nightclubs.
These include a five-star review for Chicane nightclub, abandoned a year ago, and another glowing five-star review for Maali, Chicane’s former name.
Liquidator Stephen Dixon’s report, obtained by Daily Mail Australia, revealed Jaucian blames the demise of his nightclub empire on the previous owner, Mr Da Silva.
“The director has advised that the main reason for the companies’ failure was due to disputes with the companies’ previous owner,” Mr Dixon writes.
‘According to the Director, the previous owner was not in favor of the Director acquiring and operating the companies, which led to incidents of vandalism, damage to equipment and rumors of criminal activity.
‘These problems caused serious financial losses and negative publicity for the company, which ended up causing a decrease in the number of customers.

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 rumored interstate move.

‘The director also attributed the financial difficulties to the unfavorable lease agreement for the company’s business premises, which constituted a high rent and month-to-month lease.’
While Mr Dixon acknowledged that the reasons given were “probably important factors leading to the company’s financial difficulties”, he also attributed the situation to poor cash flow, poor management and a lack of working capital.
It found 10 staff members were owed a total of $90,707 in unpaid wages, leave and overtime expenses.
Three secured creditors were owed more than $45,000, while unsecured creditors were owed more than $210,000.
AGL was also owed more than $42,000 in unpaid electricity bills.
Mr Dixon was also prevented from analyzing the company’s books because Ms Jaucian claimed to have lost access to electronic records.
Until access is obtained, Dixon said he could not comment on whether there was a claim to bring a claim against Ms Jaucian for insolvent trading.
Insolvent trading occurs when a company incurs new debts while unable to pay existing ones and is illegal in Australia.

Ms Jaucian promised to create “safe” and stylish nightclubs “operating at full capacity within a few months” alongside the trendy Levant restaurant (pictured at the restaurant’s launch event).
Mr. Dixon also “identified multiple payments totaling $26,340 that may not be commercial.”
“The payments concerned rent and utilities for the principal’s (Ms. Jaucian) home address,” he wrote.
Dixon said the transactions “merit further investigation to determine their likelihood of recovery.”
He added: ‘My investigations into the Company’s affairs have identified multiple payments to the Director, unlabeled and unreferenced, totaling $4,386.
‘There were many other transactions with the Director that were labeled as payment of salaries.
“This needs to be investigated further before we can assess the significance of the transaction and determine whether it is neither commercial nor reasonable.”
He also requested that five of the company’s ANZ bank accounts be frozen, even though they had “a negative or no balance”.
An attempt was made to contact Ms Jaucian for comment.
The NSW Independent Liquor and Gaming Authority ordered Eros, run by her husband, to close for 60 hours in March 2023, after police received a credible threat that it was going to be robbed by motorcycle gangs.
At the time, a source with knowledge of the terrifying situation told Daily Mail Australia: “Kings Cross is not a safe place at the moment, tensions are rising… war is imminent.”