Stock Market News

Australian state launches probe into Star Entertainment’s licence

2022.06.14 04:40

Australian state launches probe into Star Entertainment's licence
Guest rooms at a hotel above Sydney’s Star Casino complex are seen illuminated at night, February 15, 2016. REUTERS/Jason Reed

SYDNEY (Reuters) – Australia’s Queensland state on Tuesday announced an independent investigation into Star Entertainment Group’s suitability to hold its casino licence after allegations of money laundering in New South Wales.

Australia’s two largest casino companies Crown Resorts and Star are under intense scrutiny over allegations they had enabled breaches of anti-money laundering and counter-terrorism laws.

“Investigations by the Office of Liquor and Gaming Regulation into The Star are ongoing, and they are continuing to work with the Queensland Police and (Australia’s financial crime regulator),” Queensland Attorney-General Shannon Fentiman said in a statement.

Star did not immediately respond to a request seeking comment.

The company runs casinos in Brisbane, the state capital, and popular tourist spot Gold Coast while it is a joint venture partner in a A$3.6 billion ($2.5 billion) casino project due to open next year in Brisbane.

An ongoing inquiry in New South Wales (NSW) state has heard Star breached the law, while inquiries in NSW, Victoria and Queensland found Crown also breached the law. The CEOs of both companies have left over allegations raised in those probes.

The terms of reference into the Queensland probe will be released following consideration by the state cabinet, Fentiman said.

($1 = 1.4422 Australian dollars)

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,316.34 0.29%
ethereum
Ethereum (ETH) $ 3,481.53 2.22%
tether
Tether (USDT) $ 0.999648 0.20%
solana
Solana (SOL) $ 253.95 0.13%
bnb
BNB (BNB) $ 666.94 1.06%
xrp
XRP (XRP) $ 1.48 2.50%
dogecoin
Dogecoin (DOGE) $ 0.428356 1.01%
usd-coin
USDC (USDC) $ 0.998589 0.19%
cardano
Cardano (ADA) $ 1.05 0.13%
staked-ether
Lido Staked Ether (STETH) $ 3,487.79 2.40%
avalanche-2
Avalanche (AVAX) $ 45.84 9.70%
tron
TRON (TRX) $ 0.210349 1.94%
stellar
Stellar (XLM) $ 0.52828 8.93%
the-open-network
Toncoin (TON) $ 6.16 1.67%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 2.29%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,117.07 1.99%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,211.31 0.28%
polkadot
Polkadot (DOT) $ 9.01 1.66%
chainlink
Chainlink (LINK) $ 18.62 6.90%
bitcoin-cash
Bitcoin Cash (BCH) $ 518.19 1.40%
weth
WETH (WETH) $ 3,486.13 2.36%
sui
Sui (SUI) $ 3.43 0.36%
pepe
Pepe (PEPE) $ 0.00002 0.78%
near
NEAR Protocol (NEAR) $ 6.79 3.82%
leo-token
LEO Token (LEO) $ 8.24 5.29%
litecoin
Litecoin (LTC) $ 97.50 2.29%
uniswap
Uniswap (UNI) $ 11.78 6.36%
aptos
Aptos (APT) $ 12.60 0.29%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,666.71 2.25%
internet-computer
Internet Computer (ICP) $ 12.36 7.20%
hedera-hashgraph
Hedera (HBAR) $ 0.145772 3.30%
usds
USDS (USDS) $ 0.998979 0.15%
crypto-com-chain
Cronos (CRO) $ 0.190908 1.95%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.582339 2.12%
ethereum-classic
Ethereum Classic (ETC) $ 30.60 3.85%
render-token
Render (RENDER) $ 7.99 0.29%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.52 0.77%
kaspa
Kaspa (KAS) $ 0.154873 1.62%
bittensor
Bittensor (TAO) $ 528.65 1.82%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.23%
arbitrum
Arbitrum (ARB) $ 0.897484 2.84%
vechain
VeChain (VET) $ 0.043312 0.88%
whitebit
WhiteBIT Coin (WBT) $ 24.39 1.39%
bonk
Bonk (BONK) $ 0.000047 0.56%
dai
Dai (DAI) $ 0.998119 0.25%
filecoin
Filecoin (FIL) $ 5.74 0.71%
celestia
Celestia (TIA) $ 8.03 9.78%
cosmos
Cosmos Hub (ATOM) $ 8.70 4.25%
blockstack
Stacks (STX) $ 2.21 6.54%
okb
OKB (OKB) $ 55.38 0.66%