"Star Entertainment" Tag Results

By Tomas Medon

Star Casino Slapped with Record Fine for Money Laundering

October 20, 2022

Money laundering at Star Entertainment Group’s Sydney casino culminated in a A$100 million ($62 million; £55 million) fine for the gambling behemoth based in Australia. In addition, the group’s casino license has been suspended. To save thousands of jobs, the NSW Independent Casino Commission chose to announce on Monday the highest possible penalties instead of […]

By Tomas Medon

Queensland Launches Probe into Star Entertainment’s Licenses

June 14, 2022

After claims of money laundering and other integrity concerns surfaced, the state government of Queensland has decided to start an independent investigation into the casino licenses held by Star Entertainment across the state. Lawyer Shannon Fentiman said on Tuesday that the government was considering these claims with a lot of seriousness. According to the attorney […]

By Tomas Medon

The Star Entertainment Shares Crumble Amid Money Laundering Claims

October 11, 2021

Renowned gambling and entertainment operator the Star Entertainment Group (SGR) has had its share price drop significantly. This is largely thanks to reports that have alleged that the group has mirrored its rival Crown Resorts by allowing money laundering, organized crime, fraud, and foreign interference. The three-way report from The Age, The Sydney Morning Herald […]