The Star considered "not suitable" to retain its casino license by inquiry counsel
NSW inquiry into Star Sydney casino
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NSW inquiry into Star Sydney casino
More than seven weeks of hearings probing Star’s Sydney casino licence have exposed serious failures in risk management and governance that touched the highest echelons of the company and its board.
Inquiry head Adam Bell, SC, has floated the idea of requiring Star to set up governance structures dedicated to ensuring it complies with NSW laws.
John O’Neill conceded Star’s risk management was not what it should have been. But denied he had misled the market or selectively briefed investors.
The Star’s former chief executive officer Matt Bekier failed to tell the whole board of directors that its staff had misled the People’s Bank of China to obscure the source of the money flowing into The Star’s Macau bank accounts.