Two former senior executives of The Star Entertainment Group have faced significant penalties following Federal Court findings that they failed to manage money-laundering risks at the casino operator. Former CEO and Managing Director Matt Bekier received a AU$700,000 fine and a six-year ban from managing companies, while ex-Chief Legal & Risk Officer Paula Martin was fined AU$400,000 and banned for seven years. Court Findings on Governance Failures Justice Michael Lee emphasized that both Bekier and Martin did not demonstrate adequate understanding or […]

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In a significant ruling from Australia’s Federal Court, two former executives of Star Entertainment Group have been found guilty of breaching their corporate duties, particularly concerning risks related to money laundering and criminal activities. The court’s decision shines a spotlight on the role of former CEO Matt Bekier and ex-chief legal and risk officer Paula Martin, highlighting their failure to adequately address the risks posed by junket operators, including the notorious Suncity Group. This ruling marks a critical moment in the […]

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The casino regulator for the Australian state of New South Wales has reportedly decided to fine The Star Entertainment Group Limited a record AU$100 million (US$62 million) for failing to stem criminal activities and money laundering within its The Star Sydney venue. According to a Sunday report from The Sydney Morning Herald newspaper, the move from the New South Wales Independent Casino Commission comes around a month after the firm was found unfit to hold a casino license for the […]

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In Australia and closing arguments have reportedly begun as part of the public inquiry into The Star Entertainment Group Limited with critics continuing to contend that the firm should be deemed unfit to hold a New South Wales casino license. According to a Tuesday report from The Guardian newspaper, the Brisbane-headquartered operator is being investigated as part of an official license suitability exercise for its 351-room The Star Sydney property. This New South Wales Independent Liquor and Gaming Authority-sanctioned exercise […]

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In Australia and the Executive Chairman for casino operator The Star Entertainment Group Limited has announced that he will be stepping down ahead of his scheduled appearance before an ongoing New South Wales license suitability inquiry. According to a report from the Australian Broadcasting Corporation, the move from John O’Neill (pictured) comes as an official probe is looking into his company’s fitness to hold a gambling license for The Star Sydney property. The source detailed that this exercise being led […]

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In Australia and casino operator The Star Entertainment Group Limited has reportedly suspended a customer rebate program amid concerns that the scheme could potentially breach local rules to prevent money laundering and the financing of terrorism. According to a report from the Reuters news services, the incentive from the Brisbane-headquartered firm had allowed land-based punters to collect game-specific rewards and then exchange these for cash whilst enjoying the same entertainment. The company purportedly announced that it has now immediately ceased […]

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In Australia and local casino operator The Star Entertainment Group Limited has announced that three of its executives have resigned with immediate effect following the conclusion of its disastrous license suitability probe in the state of New South Wales. The Brisbane-headquartered firm used an official press release (pdf) to declare that it had ‘received and accepted’ the resignation of its Chief Financial Officer, Harry Theodore, as well as analogous petitions from its Chief Casino Officer, Greg Hawkins, and Company Secretary […]

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In Australia and The Star Entertainment Group Limited has reportedly been hit by a class-action lawsuit over claims the local casino operator had engaged in ‘misleading or deceptive conduct.’ According to a Tuesday report from the Reuters news service published US News and World Report, the Brisbane-headquartered firm is currently the subject of a state-sanctioned investigation being run by officials in the state of New South Wales that could well result in the loss of the casino license for its […]

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In Australia and the boss for The Star Entertainment Group Limited has reportedly announced his resignation at the same time as another senior executive officially confirmed to an ongoing public inquiry that the casino firm had hid gambling transactions from its banks. According to a report from the Australian Broadcasting Corporation, the Brisbane-headquartered company is being examined as part of the quinquennial review into the New South Wales casino license held by its The Star Sydney property. This probe chaired […]

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In Australia and the public inquiry into The Star Entertainment Group Limited has reportedly been told that the local casino operator continued working with junket firm Suncity Group despite telling the market that the two had parted ways. According to a report from Inside Asian Gaming, the Brisbane-headquartered firm is being investigated as part of a New South Wales gambling license suitability exercise for its 351-room The Star Sydney property. The source detailed that this probe being chaired by prominent […]

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