Star urged regulators to recognise its management bloodletting and operational reforms as part of a last-ditch effort to hold on to its casino licence.
The Star Entertainment Group has begged a regulatory inquiry to recognise its management bloodletting and operational reforms as part of a last-ditch effort to hold on to its Sydney casino licence, as another inquiry examines its casinos in Queensland.
Lawyers for the gaming giant conceded it was open for the NSW review to conclude Star was unsuitable for the licence when its investigation started in December. However, in closing submissions lead barrister Kate Richardson, SC, argued the company had since eliminated its deficiencies. Star barrister Kate Richardson argued the “failures identified by the review no longer pose a risk of non-compliance”.“A number of the individuals who were responsible for, or failed to stop the conduct addressed by this review, held executive roles at TSEG [The Star Entertainment Group]. These individuals have all since resigned,” Ms Richardson said on Tuesday.
“The Star, respectfully, submits that the review should conclude that it is presently suitable to hold the casino licence.” Counsel assisting the inquiry, Naomi Sharp, SC, earlier this month urged the inquiry to find Star was unfit to hold the casino licence for its waterfront Pyrmont facility.Ms Sharp claimed the company broke both gambling and criminal laws in NSW by setting up its controversial China UnionPay scheme, which disguised funds that high rollers used to gamble as hotel expenses and circumvented regulations, and then allegedly lied to its bank NAB about the practice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Star admits it wasn't fit to hold licence for Sydney casino - but says it is nowStar admits it had 'significant deficiencies and failings' as a casino operator but it should keep its gaming licence for its Sydney casino as the managers involved in misconduct have all stepped down.
Read more »
Inquiry to probe Star Entertainment casino licences in QueenslandAn independent probe will look into Star Entertainment's suitability to continue holding casino licences in Queensland after allegations of fraudulent activity at its venues in New South Wales.
Read more »
Quantum star kicks off crucial $130m funding pushFormer Australian of the Year Michelle Simmons is undeterred by the tech market as she starts a funding round for her five-year-old quantum company backed by Telstra, CBA and the government.
Read more »
Aussie TV star remembered as ‘compassionate’ soul after losing battle with cancerTributes are flowing for much-loved Channel7 Perth television newsreader Yvette Mooney, who died after a long battle with cancer. 7NEWS
Read more »
Former Neighbours star in court battle with actual neighbour over obstructed viewsA court has ruled that former actors and television presenters Lachlan and Karina Daddo can keep three palm trees at their northern beaches home, with the judgment describing their neighbours as having “an unusual sense of entitlement”.
Read more »
Tennis star Ash Barty and former premier Carmen Lawrence among those awarded Queen's Birthday HonoursTennis star Ash Barty, Australia's first female premier Carmen Lawrence, and cricketing legend Shane Warne are among those recognised in this year's Queen's Birthday Honours list.
Read more »