Australia´s Star Entertainment keen to operate Sydney casino ´under supervision´
Thursday 29 de September 2022 / 12:21
2 minutos de lectura
(Sydney).- Star Entertainment Group on Tuesday accepted the findings of an inquiry that stated the casino operator unfit to hold a licence in Sydney, but said it should be permitted to continue operating under "strict supervision".
The country's second-biggest casino operator said in a statement that it has developed a remediation plan, outlining actions to address "root-cause failings" mentioned in the inquiry report released earlier this month.
Australia's casino sector has faced intense scrutiny over the last three years after Star's larger rival Crown Resorts was found unfit to hold gambling licences on account of money laundering, prompting some states to launch investigations.
The New South Wales (NSW) state gambling regulator had said its report identified "systemic governance, risk and cultural failures" at Star's Sydney casino.
"Huge amounts of money were disguised by the casino as hotel expenses and vast sums of cash evaded anti-money laundering protocols several times, mostly through a secret room with a second cash cage," NSW Independent Casino Commission (NICC) Chief Commissioner Philip Crawford had said.
NICC should allow the company to "continue to operate the licence, under strict supervision and being held accountable to the milestones on the Remediation Plan," Star said on Tuesday.
Star said its remediation plan will focus on a "multi-year transformation" of governance, accountability, culture, and risk and compliance-management practices.
The casino operator plans to finalize the budget for the remediation plan over the next month and conclude the plan by the end of 2024.
Categoría:Casino
Tags: Sin tags
País: Australia
Event
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.