Star Entertainment fights third class action
Star Entertainment is accused of misleading the market, breaching continuous obligation laws and wiping billions of dollars from the company’s value.
Source: afr.com
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Star, Crown casino bosses brace for a tough year amid new pokie taxes, regulatory actions and the high cost of reform
From punitive pokie taxes to new regulatory actions and the high cost of reform, casinos are not the lucrative businesses (or easy directorships) they once were.
Source: afr.com
Star Entertainment share price collapses on NSW tax rise
The casino group sought “urgent” meetings with the NSW government after the treasurer unveiled a proposed tax increase on Star’s flagship Sydney casino.
Source: afr.com
Star Entertainment Group hit with record $100million fine in Queensland
The blow comes after the gambling giant was also hit with a $100million fine and the suspension of its casino licence after an inquiry in NSW that sparked the Queensland probe.
Source: dailymail.co.uk
Financial watchdog Austrac alleges Star casino breaking anti-money laundering laws
Company still doing business with higher risk customers and allowing money to be moved through highly risky channels, watchdog claims in court action
Source: theguardian.com