Breaking: The Star CEO Matt Bekier has resigned in the wake of a public hearing into whether the casino should retain its Sydney licence | ColinJKruger
The public hearing into whether Crown’s casino rival Star Entertainment Group should retain its casino licence has claimed its first scalp with the company’s chief executive Matt Bekier announcing his resignation.
The Star says his decision “follows issues raised in the public hearings in connection with the review” which found evidence of widespread avoidance of money laundering laws.“While the review remains ongoing, Mr Bekier informed the board that as managing director and CEO he is accountable for the effectiveness and adequacy of the company’s processes, people and culture.“The Star risks being found unsuitable to retain its Sydney casino licence.
The inquiry heard last week that Mr Bekier furiously rejected an audit that found his company was failing to tackle money laundering at its casinos, before the group re-hired its authors in an attempt to water down their damning report. Star later erroneously claimed legal privilege over the 2018 KPMG report to hide it from the financial crimes watchdog, the inquiry heard.A billionaire property developer later revealed how The Star Sydney staff helped him use a Chinese bank card toThe inquiry into The Star’s licence also heard that senior figures at the casino knew Chinese bank cards were not allowed to fund gambling, but accepted them anyway, and did not disclose those facts to the NSW gambling regulator.
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