Tag Archives: The Star
Australia – John O’Neill steps down as Star CEO days before public hearing
The Star Entertainment Group has announced that Mr John O’Neill AO has tendered his resignation as Executive Chairman and will also step down from the Board with a departure date to be agreed. Mr O’Neill was appointed to the Executive Chairman role on an interim basis on 1 April 2022 following theresignation on 28 March…
Australia – Star’s review extended as more witnesses sought
The Independent Review of Australia’s Star casino will be extended with Adam Bell SC issuing summonses for further witnesses to appear. The Independent Liquor & Gaming Authority approved the extension after Mr Bell requested additional time to undertake further lines of inquiry in order to fully discharge his duties according to the Terms of Reference….
Australia – Bell investigation into The Star to start on March 17
Adam Bell SC will conduct public hearings into Australia’s The Star Casino from March 17. The independent review has so far largely been undertaken in private, however Mr Bell will now conduct hearings on a number of topics where he has determined that witnesses should give evidence publicly. NSW Independent Liquor & Gaming Authority Chair,…
Australia – Gaming manager sacked and banned at The Star for borrowing cash to gamble
A gaming manager at The Star casino in Australia was sacked and banned from the casino for borrowing cash from her employees to fund her gambling habit. The Casino Special Employee, Minh Nguyen, used her position as an assistant gaming manager to borrow thousands from her staff, some of which was not paid back. Independent Liquor & Gaming Authority Chairman Phillip Crawford said it was a matter of integrity when an…
Australia – The Star fights back over media reports of AML breaches
Australian casino operator Star Entertainment has fought back against recent media reports that included allegations against The Star in relation to reports by KPMG, slamming them as ‘incorrect.’ The Star said: “Recent media reports have asserted that reports prepared by KPMG in 2018 were kept secret and notadequately acted on. These assertions are incorrect. The…
Australia – The Star loses $1bn in value as media scrutiny turns to its money laundering failures
Australian casino group Star Entertainment saw its shares fall by 22.9 per cent, taking nearly $1bn off the company’s market value, following a TV report by 60 Minutes and news paper articles in The Sydney Morning Herald and The Age, claiming Star allowed money laundering by organised crime at its Sydney and Gold Coast casinos….
Australia – ILGA to investigate The Star’s handling of junkets and AML measures
The New South Wales Independent Liquor & Gaming Authority (ILGA) has appointed Adam Bell SC to undertake a review of The Star casino’s operations with particular scrutiny to be placed on how the casino handled its junket operations and what anti-money laundering measures it had in place. ILGA chair Philip Crawford said the review will…
Australia – Star back in profit but confirms asset sales and sell and lease back on Sydney casino
Australian casino group Star Entertainment has swung back to full-year profit but has confirmed it has been selling some non-core assets to survive the effects of COVID-19 and that it has also started the process of selling half of its Sydney casino and getting it back on lease. It is planning on selling a VIP…
Australia – Negotiations underway to bring extra slots to The Star
Sydney’s The Star Casino has confirmed it is now in negotiations with the NSW Government to bring extra slot machines to its gaming floor. It said: “The Star Entertainment Group advises that the NSW Government has agreed to commence formal negotiations with The Star in relation to its proposal to increase the number of gaming…
