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) $ 74,827.05 1.59%
ethereum
Ethereum (ETH) $ 2,814.88 7.54%
tether
Tether (USDT) $ 0.999901 0.03%
solana
Solana (SOL) $ 187.77 2.06%
bnb
BNB (BNB) $ 594.17 2.55%
usd-coin
USDC (USDC) $ 0.999884 0.14%
xrp
XRP (XRP) $ 0.548914 2.93%
dogecoin
Dogecoin (DOGE) $ 0.190639 3.29%
staked-ether
Lido Staked Ether (STETH) $ 2,814.64 7.64%
tron
TRON (TRX) $ 0.160647 1.18%
cardano
Cardano (ADA) $ 0.370705 3.44%
the-open-network
Toncoin (TON) $ 4.84 2.31%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,319.74 7.14%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 0.69%
avalanche-2
Avalanche (AVAX) $ 26.85 3.27%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 74,735.02 1.24%
weth
WETH (WETH) $ 2,814.03 7.38%
chainlink
Chainlink (LINK) $ 12.28 3.92%
bitcoin-cash
Bitcoin Cash (BCH) $ 375.37 1.10%
sui
Sui (SUI) $ 2.23 1.11%
polkadot
Polkadot (DOT) $ 4.06 0.25%
leo-token
LEO Token (LEO) $ 6.20 1.15%
usds
USDS (USDS) $ 1.00 0.57%
uniswap
Uniswap (UNI) $ 8.92 1.93%
litecoin
Litecoin (LTC) $ 70.72 1.55%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,960.23 7.49%
near
NEAR Protocol (NEAR) $ 4.14 0.34%
aptos
Aptos (APT) $ 9.60 3.06%
pepe
Pepe (PEPE) $ 0.00001 10.82%
bittensor
Bittensor (TAO) $ 512.02 0.41%
internet-computer
Internet Computer (ICP) $ 7.70 1.86%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.40 1.07%
dai
Dai (DAI) $ 0.99974 0.12%
ethereum-classic
Ethereum Classic (ETC) $ 19.91 4.09%
monero
Monero (XMR) $ 162.02 0.90%
kaspa
Kaspa (KAS) $ 0.118403 0.94%
stellar
Stellar (XLM) $ 0.097734 1.54%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
whitebit
WhiteBIT Coin (WBT) $ 19.33 0.62%
aave
Aave (AAVE) $ 184.97 14.49%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.3385 4.49%
blockstack
Stacks (STX) $ 1.66 0.37%
okb
OKB (OKB) $ 39.99 2.88%
first-digital-usd
First Digital USD (FDUSD) $ 0.995356 0.30%
dogwifcoin
dogwifhat (WIF) $ 2.33 0.01%
crypto-com-chain
Cronos (CRO) $ 0.08478 1.81%
arbitrum
Arbitrum (ARB) $ 0.570542 8.33%
filecoin
Filecoin (FIL) $ 3.70 2.42%
mantle
Mantle (MNT) $ 0.633431 8.55%
celestia
Celestia (TIA) $ 5.11 10.61%